Scott Enterprises Is Considering a Project That Has the Following

Multiple Choice

Scott Enterprises is considering a project that has the following cash flow and cost of capital (r) data.What is the project's NPV? Note that if a project's expected NPV is negative, it should be rejected. $$\begin{array} { l c c c c c } \mathrm { r } : & 11.00 \% \\\text { Year } & 0 & 1 & 2 & 3 & 4 \\\hline \text { Cash flows } & - \$ 1,000 & \$ 350 & \$ 350 & \$ 350 & \$ 350\end{array}$$

A) $77.49
B) $81.56
C) $85.86
D) $90.15
E) $94.66