Present Value of an $1 10% 896 996 n/ 7% 0.650 0.681 0.713 5 0.630 0.596 0.621 0.564 0.513 0.467 6 0.666 0.547 0.583 7 0.623 0.502 0.540 8 0.582 0.460 0.424 0.500 9 0.544 0.422 0.386 0.463 10 0.508 10% ni 5 Present Value of an ordinary Annuity 7% 8% 9% 4.100 3.993 3.890 4.767 4.623 4.486 5.389 5.206 5,033 5.971 5.747 5.535 6.515 6.247 5.995 3.790 4.355 6 4.868 7 5.335 0 8 5.759 9 10 7.024 6.710 6.418 6.145 Double Boe has the opportunity to invest in project that has a 8 year useful life and cost $35,000 and the following net cash inflows: Years 1-4 Year 5 Year 6 Year 7 Year 8 $0 each year $10,000 $20,000 $30,000 $10,000 Double Boe's hurdle rate is 9%. The net present value of this project is $