Multiple Choice
A project has an initial cash outflow of $22,400 and cash inflows of $13,400 a year for Years 1 and 2 and a final cash inflow in Year 6 of $7,500.The required return is 15.5 percent.What is the net present value?
A) $2,405.66
B) $1,608.14
C) $1,919.08
D) $2,134.85
E) $2,671.02
Correct Answer:
Verified
Correct Answer:
Verified
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