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A project requires a $34,000 initial investment and is expected to generate end-of-period annual cash...

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Finance

A project requires a $34,000 initial investment and is expected to generate end-of-period annual cash inflows as follows:

Year 1: $ 15,500

Year 2: $ 16,500

Year 3: $ 15,500

Assuming a discount rate of 15%, what is the net present value (rounded to the nearest whole dollar) of this investment? Selected present value factors for a single sum are shown in the table below. i = 15% i = 15% i = 15% n = 1 n = 2 n = 3 0.8696 0.7561 0.6575 $(3,536) $(12,330) $2,146 $36,146 $0

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