Present Value of an $1 n/i 7% 8% 9% 10% 5 0.713 0.681 0.650 0.621 6 0.666 0.630 0.596 0.564 7 0.623 0.583 0.547 0.513 8 0.582 0.540 0.502 0.467 9 0.544 0.500 0.460 0.424 10 0.508 0.463 0.422 0.386 Present Value of an Ordinary Annuity 7% 896 9% ni 10% 5 5 4.100 3.993 3.890 3.790 4.767 6 7 4.623 4.486 4.355 51389 5.206 5.033 4.868 8 5.971 5.747 5.535 5.335 9 6515 6.247 5.995 5.759 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 $0 each year Years $10,000 Year 6 Year 7 $20,000 $30.000 $10.000 Year 8 Double Boe's hurdle rate is 9%. The net present value of this project is $