Nelson Inc. is considering an investment with the following data: Initial cost $200,000 Annual net cash inflows $25,000 Expected life 10 years Salvage value none Depreciation will be taken on a straight-line basis over the expected life of the investment. The company requires a minimum rate of return of 4%. What is the net present value of the investment? Period 4% 1 2 3 4 5 6 7 8 9 10 0.962 1.886 2.775 3.630 4.452 5.242 6.002 6.773 7.435 8.111 $2,775 $68,000 $118,170 $202,775