A given project requires a $48,500 investment and is expected to generate end-of-period annual cash...
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| A given project requires a $48,500 investment and is expected to generate end-of-period annual cash inflows of $22,000 for each of three years. Assuming a discount rate of 11%, what is the net present value of this investment? Selected present value factors for a single sum are shown in the table below: |
| i = 11% | i = 11% | i = 11% | |
| n = 1 | n = 2 | n = 3 | |
| 0.9009 | 0.8116 | 0.7312 | |
|
|
A.$6,073 |
| B.$53,762 | |
| C.($19,820) | |
| D.$0 | |
| E.$5,262 |
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