question 7

Six years ago, Neighborhood Hardware paid a contractor $56,000 to expand the store. At that time, the company calculated a net present value of about $7,100 for the expansion. Now, the company believes that the investment increased annual cash inflows by $9,100 per year for each of the six years. The company has a desired rate of return of 10%, Ignoring income tax considerations, what was the net present value actually achieved for this capital investment? PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round your intermediate calculations. Round your answer to the nearest dollar.) Multiple Choice ($16,367) (53,550) $39.633 O ($11467)