Problem $22-14$

If the cost of capital is $9$ percent and an investment costs $$32,000,$ should you make this investment if the estimated cash flows are $$4,000$ for years $1$ through $3,$ $$16,000$ for years $4$ through $6,$ and $$17,000$ for years $7$ through $10?$ Use Appendix B and Appendix D to answer the questions. Use a minus sign to enter a negative value, if any. Round your answer to the nearest dollar.

NPV: $

The investment

should

be made.