MC Qu. 60 A given project requires a...

A given project requires a $28,500 investment and is expected to generate end-of-period annual cash inflows of $12,000 for each of three years. Assuming a discount rate of 10%, what is the net present value of this investment? Selected present value factors for a single sum are shown in the table below:

i = 10% n = 1	i = 10% n = 2	i = 10% n = 3
.9091	.8264	.7513

$0.00

$2,668.00

($7,461.00)

$1,341.60

$29,841.60