Below is a table for the present value of $1 at compound interest. 696 0.943 0.890 0.840 0.792 0.747 12% 0.893 0.797 0.712 0.636 0.567 Year 0.909 0.826 0.751 0.683 0.621 Below is a table for the present value of an annuity of $1 at compound interest. 6% 0.943 1.833 2.673 3.465 4.212 10% 0.909 1.736 2.487 3.170 3.791 12% 0.893 1.690 Year 3.037 3.605 Using the tables above, if an investment is made now for $23,500 that will generate a cash inflow of $8,000 a year for the next 4 years, what would be the net present value of the investment, assuming an earnings rate of 10%? Oa. $23,500 Ob. $25,360 $1,860 d. $16,050