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A Given Project Requires a $28,000 Investment and Is Expected  Year 1  year 2  year 3$12,000$13,000$12,000\begin{array} { l l l } \text { Year 1 } & \text { year 2 } & \text { year } 3 \\\$ 12,000 & \$ 13,000 & \$ 12,000\end{array}

question 18

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A given project requires a $28,000 investment and is expected to generate end-of-period annual cash inflows as follows:  Year 1  year 2  year 3$12,000$13,000$12,000\begin{array} { l l l } \text { Year 1 } & \text { year 2 } & \text { year } 3 \\\$ 12,000 & \$ 13,000 & \$ 12,000\end{array} 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%i=10%i=10%n=1n=2n=3.9091.8264.7513\begin{array} { c c c } i = 10\% & i = 10 \% & i = 10\% \\n = 1 & n = 2 & n = 3 \\.9091 & .8264 & .7513\end{array}


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