Morrisey Company has two investment opportunities. Both investments cost $5,700 and will provide the same total future cash inflows. The cash receipt schedule for each investment is given below:

	Investment I						Investment II
Period 1		$	1,350					$	1,350
Period 2			1,350						2,420
Period 3			2,350						3,490
Period 4			4,560						2,350
Total		$	9,610					$	9,610

What is the net present value of Investment II assuming an 9% minimum rate of return? Use Appendix Table 1. (Do not round your intermediate calculations. Round your answer to nearest whole dollar.)

$7,635

$9,610

$1,935

$(7,420)