Multiple Choice
What is the net present value of a project that has an initial cost of $40,000 and produces cash inflows of $8,000 a year for 11 years if the discount rate is 15 percent?
A) $798.48
B) $1,240.23
C) $1,869.69
D) $2,111.41
E) $2,470.01
Correct Answer:
Verified
Correct Answer:
Verified
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