An investment project has a cost of $12,000, payable at the start of the first year of operation. The possible future cash flows arising from the investment project have the following present values and associated probabilities:PV ofPV ofYear 1 cash flow ($)ProbabilityYear 2 cash flow ($)Probability16,0000·1520,0000·7512,0000·60(2,000)0·25(4,000)0·25What is the expected value of the net present value of the investment project?