Morrisey Company has two investment opportunities. Both investments cost $6,300 and will provide the same total future c

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Morrisey Company Has Two Investment Opportunities Both Investments Cost 6 300 And Will Provide The Same Total Future C 1 (21.96 KiB) Viewed 12 times

Morrisey Company has two investment opportunities. Both investments cost $6,300 and will provide the same total future cash inflows. The cash receipt schedule for each investment is given below: Period 1 Period 2 Period 3 Period 4 Total Investment I $ 1,650 1,650 2,650 5,040 $10,990 Investment II $ 1,650 2,780 3,910 2,650 $10,990 What is the net present value of Investment Il assuming an 8% minimum rate of return? (PV of $1 and PVA of $1) (Do not round intermediate calculations. Round your answer to nearest whole dollar.)