Morrisey Company has two investment opportunities. Both investments cost $6800 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		$	1900				$	1900
Period 2			1900					3080
Period 3			2900					4260
Period 4			5440					2900
Total		$	12,140				$	12,140

What is the net present value of Investment II assuming an 12% minimum rate of return? Use Exhibit 13B-1 and Exhibit 13B-2 above to determine the appropriate discount factor(s). (Do not round intermediate calculations. Round your answer to nearest whole dollar.)

Select one:

A.

$12,140

B.

$9027

C.

$2227

D.

$(8732)