The Sawyer Corporation Has $80,000 to Invest and Is Considering

Multiple Choice

The Sawyer Corporation has $80,000 to invest and is considering two different projects,X and Y.The following data are available on the projects: Both projects will have a useful life of 5 years;at the end of 5 years,the working capital will be released for use elsewhere.Sawyer's discount rate is 12%. The net present value of project X is closest to:

A) $2,915
B) ($11,708)
C) $5,283
D) $6,317