Garner-Wagner Incorporated The Executives of Garner-Wagner Inc.are Considering a Project That Has

Multiple Choice

Garner-Wagner Incorporated
The executives of Garner-Wagner Inc.are considering a project that has an up-front cost of $3 million and is expected to produce a cash flow of $500,000 at the end of each of the next 5 years.The project's cost of capital is 10%.
-Refer to the data for Garner-Wagner Incorporated.Based on the above data, what is the project's net present value?

A) −$1,312,456
B) −$1,104,607
C) −$875,203
D) $105,999
E) $321,788