Majestic Corporation Is Planning a 12 Year Project That Will

Multiple Choice

Majestic Corporation is planning a 12 year project that will have an initial cost of $900,000.During the first 3 years, there will be cash inflows of $80,000.Years 4-10 will see cash inflows of $350,000.Years 11-12 will see cash outflows of $20,000.If the company's required rate of return is 11%, determine the NPV of the project.

A) -$175,023
B) -$25,890
C) $227,320
D) $489,366