Multiple Choice
What is the net present value of a project that contributes $25,000 at the end of the first year and $12,000 at the end of the second year. The initial cost is $33,000. The appropriate interest rate is 7% for the first year and 10% for the second year.
A) $1,579.44
B) $559.90
C) $281.85
D) -$2,148.26
Correct Answer:
Verified
Correct Answer:
Verified
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