Problem 22-14

If the cost of capital is 8 percent and an investment costs $65,000, should you make this investment if the estimated cash flows are $6,000 for years 1 through 3, $8,000 for years 4 through 6, and $14,000 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 -Select-shouldshould notItem 2 be made.