Pina Colada Co$.$ purchased equipment $3$ years ago. The company's required rate of return is $12\%,$ and the net present value of the project was $$(900).$ Annual cost savings were: $$10000$ for year $1$;$$8000$ for year $2$ ; and $$6000$ for year $3.$ The amount of the initial investment was

$\backslash$table$[[,$Present Value,PV of an Annuity$],[$Year$,$of $1$ at $12\%,$of $1$ at $12\%$