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Question 9 5 pts Joel is considering two investments. Each will cost $33,212 initially. Project 1 will return annual cash flows of $15,000 in each

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Question 9 5 pts Joel is considering two investments. Each will cost $33,212 initially. Project 1 will return annual cash flows of $15,000 in each of three years. Project 2 will return $10,000 in year 1, $15,000 in year 2, and $20,000 in year 3. Joel requires a minimum rate of return of 6%. What is the net present value of Project 2

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