Problem: A Co. has two investments opportunities. Both investments cost $5,000 and will provide the following net cash flows.
Year Investment A Investment B
1 $3,000 $3,000
2 3,000 4,000
3 3,000 2,000
4 3,000 1,000
The total present value in investment A's cash inflow's assuming 10% minimum rate of return is (rounded to the nearest whole dollar):