12. You are offered an investment with returns of $ 2,830 in year 1, $ 3,223 in year 2, and $ 4,736 in year 3. The inves

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12. You are offered an investment with returns of $ 2,830 in
year 1, $ 3,223 in year 2, and $ 4,736 in year 3. The investment
will cost you $ 6,962 today. If the appropriate Cost of Capital
(quoted interest rate) is 9.4 %, what is the Net present Value of
the investment? Enter your answer to the nearest $.01. Do not use
the $ sign or commas in your answer. If the NPV is negative, use
the - sign.
Your Answer: _________