Tangshan Mining Company, with a Cost of Capital of 10

Multiple Choice

Tangshan Mining Company, with a cost of capital of 10 percent, is considering investing in project A, with an initial investment of $1,000,000. Project A is expected to provide equal cash inflows over its 15 year useful life. Based on this information, the breakeven cash inflow for the project is ________.

A) $1,000,000
B) $131,474
C) $100,000
D) $66,667