Alfarsi Industries uses the net present value method to make investment decisions and requires a $15\%$ annual return on all Investments. The

company is considering two different Investments. Each require an initial Investment of $$15,000$ and will produce cash flows as follows:

The present value factors of $$1$ each year at $15\%$ are:

The present value of an annulty of $$1$ for $3$ years at $15\%$ is $2\mathrm{.}2832.$ The net present value $($rounded to the nearest whole dollar$)$ of Investment A

is:

Multiple Cholce

$$18,266.$

$$(15,000).$

$$9,000.$

$$(20,549).$

$$3,266.$