A project requires a $28,500 investment and is expected to generate end-of-period annual cash inflows of $12,000 for each of three years.Assuming a discount rate of 10%,what is the net present value of this investment? Selected present value factors for a single sum are shown in the table below:
A)$0.00
B)$2,668.00
C)($7,461.00)
D)$1,341.60
E)$29,841.60

Question

A project requires a $28,500 investment and is expected to generate end-of-period annual cash inflows of $12,000 for each of three years.Assuming a discount rate of 10%,what is the net present value of this investment? Selected present value factors for a single sum are shown in the table below: 
A)$0.00 
B)$2,668.00 
C)($7,461.00) 
D)$1,341.60 
E)$29,841.60

Quizplus · Accepted Answer

The Answer of A project requires a $28,500 investment and is expected to generate end-of-period annual cash inflows of $12,000 for each of three years.Assuming a discount rate of 10%,what is the net present value of this investment? Selected present value factors for a single sum are shown in the table below: 
A)$0.00 
B)$2,668.00 
C)($7,461.00) 
D)$1,341.60 
E)$29,841.60

A Project Requires a $28,500 Investment and Is Expected to Generate