Reed Enterprises Is Considering a Project That Has the Following

Multiple Choice

Reed 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 a project's expected NPV can be negative, in which case it will be rejected. $$\begin{array} { l c c c c } \text { r: } & 10.00 \% & & & \\\text { Year } & 0 & 1 & 2 & 3 \\\hline \text { Cash flows } & - \$ 1,050 & \$ 450 & \$ 460 & \$ 470\end{array}$$

A) $92.37
B) $96.99
C) $101.84
D) $106.93
E) $112.28