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: End of Year Investment B $8,000 $ 8,000 8,800 24,000 2 The present value factors of $1 each year at 15% are: 1 0 .8696 2 0.7561 30.6575 The present value of an annuity of $1 for 3 years at 15% is 2 2832 The net present value of Investment A is