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 IInvestment IIPeriod 1$1,350$1,350Period 21,3502,420Period 32,3503,490Period 44,5602,350Total$9,610$9,610

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

$7,635

$9,610

$1,935

$(7,420)