Six years ago,Neighborhood Hardware paid a contractor $45,000 to expand the store.At that time,the company calculated a net present value of about $6,000 for the expansion.Now,the company believes that the investment increased annual cash inflows by $8,000 per year for each of the six years.The company has a desired rate of return of 10%.Ignoring income tax considerations,what was the net present value actually achieved for this capital investment? (PV of $1 and PVA of $1)(Use appropriate factor(s)from the tables provided.Do not round your intermediate calculations.Round your answer to the nearest dollar.)

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The Answer of Six years ago,Neighborhood Hardware paid a contractor $45,000 to expand the store.At that time,the company calculated a net present value of about $6,000 for the expansion.Now,the company believes that the investment increased annual cash inflows by $8,000 per year for each of the six years.The company has a desired rate of return of 10%.Ignoring income tax considerations,what was the net present value actually achieved for this capital investment? (PV of $1 and PVA of $1)(Use appropriate factor(s)from the tables provided.Do not round your intermediate calculations.Round your answer to the nearest dollar.)

Six Years Ago,Neighborhood Hardware Paid a Contractor $45,000 to Expand