A Proposed Project Costs $300 and Has Cash Flows of $80,$200,$75,and

Multiple Choice

A proposed project costs $300 and has cash flows of $80,$200,$75,and $90 for Years 1 to 4,respectively.Because of its high risk,the project has been assigned a discount rate of 16 percent.In dollars,how much will this project return in today's dollars for every $1 invested?

A) $1.01
B) $.99
C) $1.05
D) $.97
E) $1.03