Corner Restaurant is considering a project with an initial cost of $211,600.The project will not produce any cash flows for the first three years.Starting in Year 4,the project will produce cash inflows of $151,000 a year for three years.This project is risky,so the firm has assigned it a discount rate of 18.6 percent.What is the project's net present value?
A)$113,585.57
B)-$4,591.11
C)$51,786.86
D)$2,255.56
E)-$16,670.67

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The Answer of Corner Restaurant is considering a project with an initial cost of $211,600.The project will not produce any cash flows for the first three years.Starting in Year 4,the project will produce cash inflows of $151,000 a year for three years.This project is risky,so the firm has assigned it a discount rate of 18.6 percent.What is the project's net present value?
A)$113,585.57
B)-$4,591.11
C)$51,786.86
D)$2,255.56
E)-$16,670.67

Corner Restaurant Is Considering a Project with an Initial Cost