Sloan Inc. recently invested in a project with a 3 year life span. The net present value was $6,000 and annual cash inflows were $14,000 for year 1; $16,000 for year 2; and $18,000 for year 3. The initial investment for the project, assuming a 15% required rate of return, was ...................................Present Value.....Present Value .................Year..............of 1 at 15%........of 1 at 15% ...................1.....................870...................870 ...................2.....................756................1.626 ...................3 ....................658................2.283 a $19,488 b $30,120 c $25,584 d $30,528