Nicole and others, thanks for addressing the opening question this week.

NPV practice

About six years ago, Riley Enterprises incurred $$45,000$ to increase its store's capacity. Back then, it thought the increase in capacity would increase cash inflows by $$6,000.$ Looking back, though, the company believed the increase in capacity resulted in cash inflow increases by $$8,000$ in each of the last six years.

The company$$s desired rate of return is $10\%.$ What was the net present value actually achieved for this investment? Show your work.