Use the following information for the Quick Study below.

[The following information applies to the questions displayed below.] Park Co. is considering an investment that requires immediate payment of $21,555 and provides expected cash inflows of $6,800 annually for four years. If Park Co. requires a 8% return on its investments.

QS 25-2 Net present value LO P3

1-a. What is the net present value of this investment? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your present value factor to 4 decimals.)

Cash Flow	Select Chart	Amount	x	PV Factor	=	Present Value
Annual cash flow	Present Value of an Annuity of 1	$6,800	x		=	$0
	Immediate cash outflows
	Net present value