Problem 22-16 A risky $22,000 investment is expected to generate the following cash flows:
Year 1 2 3
$ 18,375 $ 21,000 $ 24,500
The probability of receiving each cash inflow is 80, 70, and 60 percent, respectively. If the firm's cost of capital is 6 percent, should the investment be made? Use Appendix D to answer the question. Use a minus sign to enter a negative value, if any. Round your answer to the nearest dollar.
NPV: $______
The investment -Select- v be made.