Multiple Choice
Which of the following amounts is closest to the net present value of a project that contributes $10,000 at the end of the first year and $5,000 at the end of the second year. The initial cost is $8,000 and the appropriate interest rate is 10%.
A) $5,223
B) $5,951
C) $7,000
D) $21,223
E) $23,000
Correct Answer:
Verified
Correct Answer:
Verified
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