alfarsi industries uses the net present value method to make investment decisions and requires a 15% annual return on all investments. the company is considering two different investments. each require an initial investment of $14,700 and will produce cash flows as follows: end of year investment a b 1 $ 9,300 $ 0 2 9,300 0 3 9,300 27,900 the present value factors of $1 each year at 15% are: 1 0.8696 2 0.7561 3 0.6575 the present value of an annuity of $1 for 3 years at 15% is 2.2832. the net present value (rounded to the nearest whole dollar) of investment a is:
