Multiple Choice
What is the net present value of a project that has a net investment of $148,000 and net cash flows of $25,000 in the first year, $45,000 in years 2-7, and a negative net cash flow of $27,000 in year 8? Assume the cost of capital is 11%.
A) $34,302
B) $74,847
C) $57,738
D) -$2,238
Correct Answer:
Verified
Correct Answer:
Verified
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