TB MC Qu. 24-73 (Algo) A project requires... A project requires a $39,000...
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TB MC Qu. 24-73 (Algo) A project requires...
A project requires a $39,000 initial investment and is expected to generate end-of-period annual cash inflows as follows:
Year 1
Year 2
Year 3
$ 17,500
$ 18,500
$ 17,500
Assuming a discount rate of 10%, what is the net present value (rounded to the nearest whole dollar) of this investment? Selected present value factors for a single sum are shown in the table below.
i = 10%
i = 10%
i = 10%
n = 1
n = 2
n = 3
0.9091
0.8264
0.7513
Multiple Choice
$0
$5,345
$(10,197)
$44,345
$(2,289)
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