Central Mass Ambulance Service can purchase a new ambulance for $200,000 that will provide an annual net cash flow of $100,000 per year for two years. The salvage value of the ambulance will be $25,000. Assume the ambulance is sold at the end of year 2. Calculate the NPV of the ambulance if the required rate of return is 9%. (Round your answer to the nearest $1.)
? ?. $24,089
B. -$3,047
C. $3,047
D. -$24,089