TB MC Qu. 24-73 (Algo) A project requires... A project requires a $39,000...
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Accounting
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
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$0
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$5,345
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$(10,197)
-
$44,345
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$(2,289)
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