You are considering buying a high$-$capacity oven that will increase the cash inflow from your bakery by $$4,000$ every year for the next $8$ years. What is the Net Present Value $($NPV$)$ if the oven costs $$20,000$ today $($i$.$e$.,$ initial investment$)$ and the applicable interest rate is $6\%$ per year?

You are considering buying a high$-$capacity oven that will increase the cash inflow from your bakery by $$4,000$ every year for the next $8$ years. What is the Net Present Value $($NPV$)$ if the oven costs $$20,000$ today $($i$.$e$.,$ initial investment$)$ and the applicable interest rate is $6\%$ per year?

positive $$19,588$

positive $$4,840$

positive $$12,000$

$$0$