Multiple Choice
What is the net present value of a project that requires an initial investment of $76,000 and produces net cash flows of $22,000 per year for 7 years? Assume the discount rate is 15 percent.
A) $91,520
B) $15,520
C) $78,000
D) $167,474
Correct Answer:
Verified
Correct Answer:
Verified
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