Morrisey Company Has Two Investment Opportunities What Is the Net Present Value of Investment II Assuming

Morrisey Company has two investment opportunities.Both investments cost $5,500 and will provide the same total future cash inflows.The cash receipt schedule for each investment is given below: $\begin{array}{|l|r|r|}\hline & \underline{\text { Investment I }} &\underline{ \text { Investment II }} \\\hline \text { Period 1 } & \$ 1,000 & \$ 1,000 \\\hline \text { Period 2 } & 1,000 & 2,000 \\\hline \text { Period 3 } & 2,000 & 3,000 \\\hline \text { Period 4 } & \underline{4,000} & \underline{2,000} \\\hline \text { Total } & \underline{\$ 8,000} & \underline{\$ 8,000} \\\hline & & \\\hline\end{array}$ What is the net present value of Investment II assuming an 8% minimum rate of return? (Do not round your intermediate calculations.Round your answer to nearest whole dollar. )

A) $6,492
B) $992
C) $5,880
D) $380