Multiple Choice
At a discount rate of 6 percent, what is the net present value of an investment project expected to yield $1,000 per year (to be received at year end) for the next three years?
A) $3,000
B) $2,829
C) $2,673
D) There is insufficient information to determine whether the project should be undertaken.
Correct Answer:
Verified
Correct Answer:
Verified
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