A project requires an initial investment of $69,600 and will produce cash inflows of $22,200, $44,500, and $11,700 over the next 3 years, respectively. What is the project's NPV at a required return of 16 percent?
A. |
−$7,157.69 |
|
B. |
−$8,872.09 |
|
C. |
$8,800.00 |
|
D. |
−$9,895.63 |
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