Morrisey Company has two investment opportunities. Both investments cost $6,500 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 Total Investment I $ 1,750 1,750 2,750 5,200 $ 11,450 Investment II $ 1,750 2,900 4,050 2,750 $11, 450 What is the net present value of Investment Il assuming an 12% minimum rate of return? Use Appendix Table 1. (Do not round your intermediate calculations. Round your answer to nearest whole dollar.) Multiple Choice O $11,450 $2,005 O $(8,220) $8,505