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 $14,800 and will produce cash flows as follows:

End of Year		Investment
		A			B
1		$	9,200		$	0
2			9,200			0
3			9,200			27,600

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

1		0.8696
2		0.7561
3		0.6575

The present value of an annuity of $1 for 3 years at 15% is 2.2832 The net present value of Investment A is: (Round intermediate answer to the nearest whole dollar.)