Question

A project requires an initial investment of $69,600 and will produce cash inflows of $22,200, $44,500,...

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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