Miller River Light That Manufactures the Project Will Require an Initial

Multiple Choice

Miller River Light that manufactures the project will require an initial investment of $350,000.Miller River uses a 12% discount rate for capital projects of this type.What level of operating cash flows over a period of 5 years will cause the project to reach break-even NPV?

A) $70,000.00
B) $97,093.41
C) $92,329.12
D) $86,690.54