Park Co. is considering an investment that requires immediate payment of $29,160 and provides expected cash inflows of $9,200 annually for four years. Assume Park Co. requires a 8% return on its investments.

QS 11-2 Net present value LO P3

1-a. What is the net present value of this investment? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your present value factor to 4 decimals.) 1-b. Based on NPV alone, should Park Co. invest?