Multiple Choice
An investment project requires a net investment of $100,000.The project is expected to generate annual net cash inflows of $28,000 for the next 5 years.The firm's cost of capital is 12 percent.Determine the net present value for the project.
A) $940
B) $100,940
C) $77,884
D) $40,000
Correct Answer:

Verified
Correct Answer:
Verified
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