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Use these present value tables to answer the question that follow. Below is a table for the present value of $1 at Compound interest. Year

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Use these present value tables to answer the question that follow. Below is a table for the present value of $1 at Compound interest. Year 12% 0.893 1 6% 0.943 0.890 0.840 10% 0.909 0.826 2 0.797 0.751 0.712 w 4 0.792 0.683 0.636 5 0.747 0.621 0.567 Below is a table for the present value of an annuity of $1 at compound interest. Year 6% 12% 10% 0.909 1 0.943 0.893 2 1.833 1.736 1.690 2.673 2.487 2.402 4 3.465 3.170 3.037 5 4.212 3.791 3.605 Using the tables above, if an investment is made now for $16,950 that will generate a cash inflow of $5,650 a year for the next four years, what would be the net present value (rounded to the nearest dollar) of the investment, assuming an earnings rate of 10%? Oa. a. $17,911 Ob. $5,650 Oc. $16,950 O d. $961

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