Suppose that annual income from a rental property is expected to start at $1,250 per year and decrease at a uniform amount of $35 each year after the first year for the 15-year expected life of the property. The investment cost is $7,500, and i is 8% per year. Is this a good investment? Assume that the investment occurs at time zero (now) and that the annual income is first received at EOY one. - Click the icon to view the interest and annuity table for discrete compounding when i = 8% per year. The present equivalent of the rental income equals $ - (Round to the nearest dollar.)