Parks Corporation is considering an investment proposal in which a working capital investment of $10,000 would be required. The investment would provide cash inflows of $3,000 per year for six years. The working capital would be released for use elsewhere when the project is completed. If the company's discount rate is 10%, the investment's net present value is closest to (Ignore income taxes.) :

Present value of $1; n=6 & i=10% -> 0.564 Present value of an annuity of $1; n=6 & i=10% -> 4.355

$5,640

$3,000

$8,705

$13,065