Morrisey Company has two investment opportunities. Both investments cost $5,500 and will provide the same total future cash inflows. The cash receipt schedule for each investment is given below:

	inv 1	inv 2
period 1	$1000	$1000
period 2	1000	2000
period 3	2000	3000
period 4	4000	2000
total	8000	8000

The net present value of Investment II assuming an 8% minimum rate of return would be which of the following amounts? (Do not round your PV factors and intermediate calculations. Round your answer to nearest whole dollar.)

A. $6,492

B. $992

C. $5,880

D. $38