Morrisey Company Has Two Investment Opportunities A)$6,492
B)$992
C)$5,880
D)$380

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: 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.) $$\begin{array} { | l | c | c | } \hline & \text { Investment I } & \text { Investment II } \\\hline \text { Period 1 } & \$ 1,000 & \$ 1,000 \\\hline \text { Period 2 } & 1,000 & 2,000 \\\hline \text { Period 3 } & 2,000 & 3,000 \\\hline \text { Period 4 } & \underline { 4,000 } & \underline { 2,000 } \\\hline \text { Total } & \underline { \$ 8,000 } & \underline { \$ 8,000 } \\\hline & & \\\hline\end{array}$$

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