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Morrisey Company has two investment opportunities. Both investments cost $5800 and will provide the same total future cash inflows. The cash receipt schedule for each

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Morrisey Company has two investment opportunities. Both investments cost $5800 and will provide the same total future cash inflows. The cash receipt schedule for each investment is given below: Period 1 Period 2 Period 3 Period 4 Totals Investment $1400 1400 2400 4640 $9840 Investment II $1400 2480 3560 2400 $9840 What is the net present value of Investment Il assuming an 9% minimum rate of return? (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round your intermediate calculations. Round your answer to the nearest whole dollar.) $9840 O $(7603) $7821 $2021

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