Project Epsilon requires an initial cash outlay of $20,000 and is expected to produce net cash flows of $5,000, $8,000, and $10,000 in years one, two, and three, respectively. If the required
Rate of return on the project is 12%, what is its net present value? Round your answer to the
Nearest dollar.
A)+$2,162
B)-$3,629
C)+$3,000
D)-$2,040

Question

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The Answer of Project Epsilon requires an initial cash outlay of $20,000 and is expected to produce net cash flows of $5,000, $8,000, and $10,000 in years one, two, and three, respectively. If the required
Rate of return on the project is 12%, what is its net present value? Round your answer to the
Nearest dollar.
A)+$2,162
B)-$3,629
C)+$3,000
D)-$2,040

Project Epsilon Requires an Initial Cash Outlay of $20,000 and Is