Pena Company is considering an investment of $$30,455$ that provides net cash flows of $$9,400$ annually for four years.

$($a$)$ If Pena Company requires a $7\%$ return on its investments, 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.$)$

$($b$)$ Based on net present value, should Pena Company make this investment?

Complete this question by entering your answers in the tabs below.

Required A

Required $B$

What is the net present value of this investment?

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