A Firm Estimates the Two Cash Flows of the Project

Multiple Choice

A firm estimates the two cash flows of the project in the next two years to be $100,00 and $200,000, consecutively. If the initial investment is $200,000 and the risk-adjusted discount rate is 10%, what is the approximate net present value of the project?

A) $0
B) $24,000
C) $56,000
D) $91,000