Ellmann Systems Is Considering a Project That Has the Following

Multiple Choice

Ellmann Systems is considering a project that has the following cash flow and WACC data.What is the project's NPV? Note that if a project's expected NPV is negative,it should be rejected. $\begin{array}{lcccc}\text { WACC: } & 9.00 \% \\\text { Year } & 0 & 1 & 2 & 3 \\ \text { Cash flows } & -\$ 1.000 & \$ 500 & \$ 500 & \$ 500\end{array}$

A) $265.65
B) $278.93
C) $292.88
D) $307.52
E) $322.90