Rappaport Enterprises Is Considering a Project That Has the Following

Multiple Choice

Rappaport Enterprises is considering a project that has the following cash flow and WACC data.What is the project's NPV? $\begin{array}{cccc} \text { WACC } &10.00 \% \\ \text { Year: } & 0 & 1 & 2 & 3 & 4 \\\hline \text {Cash flows: } &-\$ 1,000 & \$ 400 & \$ 405 & \$ 410 & \$ 415\end{array}$

A) $211.29
B) $234.77
C) $260.85
D) $289.84