espass Corporation has provided the following data concerning an investment project that it is considering:...
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Accounting
espass Corporation has provided the following data concerning an investment project that it is considering:
| Initial investment | $ | 160,000 | |
| Annual cash flow | $ | 54,000 | per year |
| Salvage value at the end of the project | $ | 11,000 | |
| Expected life of the project | 4 | years | |
| Discount rate | 15 | % | |
See PV Tables on separate Handout 14C-3 and 14C-4. The net present value of the project is closest to:
$(5,776)
$462
$160,516
$67,00
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