You are making an investment of $$110,000$ and require a rate of

return of $14\mathrm{.}6$ percent. You expect to receive $$48,000$ in the first

year, $$52,500$ in the second year, and $$55,000$ in the third year.

There will be a cash outflow of $$900$ in the fourth year to close

out the.investment. What is the net present value of this

investment?