Epiphany Industries Is Considering a New Capital Budgeting Project That

Multiple Choice

Epiphany Industries is considering a new capital budgeting project that will last for three years. Epiphany plans on using a cost of capital of 12% to evaluate this project. Based on extensive research, it has prepared the following incremental cash flow projects: The net present value (NPV) for Epiphany's Project is closest to ________.

A) $23,387
B) $140,319
C) $46,773
D) $93,546