A project requires an initial investment of $59,600 and will produce cash inflows of $21,200,$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)-$687.22
B)-$757.69
C)-$204.15
D)-$878.92
E)-$696.94

Question

Quizplus · Accepted Answer

NPV = -$59,600 + $21,200 / 1.16 + $44,500 / 1.16² + $11,700 / 1.16³ = -$757.69

A Project Requires an Initial Investment of $59,600 and Will