An investment costs $155,000 today and promises a series of $87,000 annual cash inflows in each of the next 7 years. The first cash inflow occurs one year from today. What is the net present value of this investment if the discount rate is 6%? Round your answer to the nearest dollar. Be sure to enter a negative sign (-) if your answer is a negative number.
An investment costs $155,000 today and promises a series of $87,000 annual cash inflows in each of the next 7 years. The first cash inflow occurs one year from today. What is the net present value of this investment if the discount rate is 6%? Round your answer to the nearest dollar. Be sure to enter a negative sign (-) if your answer is a negative number.