Reed Enterprises Is Considering a Project That Has the Following

Multiple Choice

Reed Enterprises is considering a project that has the following cash flow and WACC data.What is the project's NPV? Note that a project's expected NPV can be negative,in which case it will be rejected. $\begin{array}{lcccc}\text { WACC: } & 10.00 \% \\\text { Year } & 0 & 1 & 2 & 3 \\\text { Cash flows } & -\$ 1.050 & \$ 450 & \$ 460 & \$ 470\end{array}$

A) $92.37
B) $96.99
C) $101.84
D) $106.93
E) $112.28