Pickleball Company is considering the following investment proposal: Initial investment: Depreciable assets (straight-line) $72,000 Working capital 8,000 Operations (per year for 4 years): Cash receipts $50,000 Cash expenditures 22,000 Disinvestment: Salvage value of equipment $6,000 Recovery of working capital 8,000 Discount rate: 10 percent Additional information for interest rate of 10 percent and four time periods: Present value of $1 0.683 Present value of an annuity of $1 3.170 What is the net present value for the investment?

		$ 5,256
		$18,322
		$57,060
		$65,256