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

Assuming a discount rate of $11\%,$ 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:

$i=11\%,i=11\%,i=11\%$

$n=1,n=2,n=3$

$0\mathrm{.}9009,0\mathrm{.}8116,0\mathrm{.}7312$

Multiple Choice

$$0$

$$24,140$

$$(9,139)$

$$27,876$

$$(6,124)$