Multiple Choice
What is the present worth of an independent project that requires initial investment of $50 000 and annual maintenance costs of $4 000 for 10 years at a 4% minimum acceptable rate of return?
A) -$4 000
B) -$32 444
C) -$54 000
D) -$82 444
E) -$17 556
Correct Answer:
Verified
Correct Answer:
Verified
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