Morrisey Company has two investment opportunities. Both investments cost $6,600 and will provide the same toto future cash inflows. The cash receipt schedule for each investment is given below, Period 1 Period 2 Period 3 Period 4 Total Investment I $ 1,800 1,800 2,800 5,280 $11,680 Investment II $ 1,800 2.960 4,120 2,800 $11,680 What is the net present value of Investment Il assuming an 12% minimum rate of return? (py of S1 and PVA of 5) (Do not round Intermediate calculations. Round your answer to nearest whole llar) Multiple Choice $8,679 $11,680 $2,079