You have been offered a unique investment opportunity. If you invest

$8,700

today, you will receive

$435

one year from now,

$1,305

two years from now, and

$8,700

ten years from now.a. What is the NPV of the opportunity if the cost of capital is

6.9%

per year? Should you take the opportunity?b. What is the NPV of the opportunity if the cost of capital is

2.9%

per year? Should you take it now?

a. What is the NPV of the opportunity if the cost of capital is

6.9%

per year?

If

the cost of capital is

6.9%

per year, the NPV is

$enter your response here.

(Round to the nearest cent.)