Present Value of an $1 n/i 12% 13% 14% 15% 1 0.893 0.885 0.877 0.87 20.797 0.783 0.769 0.756 30.712 0.693 0.675 0.658 4 0.636 0.613 0.592 0.572 5 0.567 0.543 0.519 0.497 Present Value of an ordinary Annuley n/i 12% 13% 14% 15% 1 0.893 0.885 0.877 0.87 2 1.69 1.668 1.647 1.626 3 2.402 2.361 2.322 2.283 4 3.037 2.974 2.914 2.855 5 3.605 3.517 3.433 3.352 The Carpenters Ltd. have an opportunity to invest in a project that will cost $40,000 and have no salvage value. The Carpenters use the straight line method of depreciation. The useful life of this project is 2 years. The expected net income in Year 1 of this project is $24,000 and $18,000 in Year 2. The Carpenter's hurdle rate is 13%. The net present value of this project is $_