Plymouth Co. is considering purchasing equipment that requires a $28,000 investment and is expected to generate end-of-period annual cash inflows as follows:

Year 1		Year 2		Year 3
$12,000		$13,000		$12,000

Assuming a discount rate of 10%, what is the net present value of this investment? You can calculate NPV by either: a) Using the selected present value factors for a single sum shown in the table below, or b) Using the NPV function in Excel

i = 10%	i = 10%	i = 10%
n = 1	n = 2	n = 3
0.9091	0.8264	0.7513