Empire Industries is considering adding a new product to its lineup.This product is expected to generate sales for four years after which time the product will be discontinued.What is the project's net present value at a required rate of return of 14.8 percent? $$\begin{array} { | c | r | }
\hline \text { Year } & \text { Cash Flow } \
\hline 0 & - \$ 62,000 \
\hline 1 & 16,500 \
\hline 2 & 23,800 \
\hline 3 & 27,100 \
\hline 4 & 23,300 \
\hline
\end{array}$$
A)$1,505.52
B)$1,067.24
C)$1,758.71
D)$1,519.58
E)$902.71

Question

Empire Industries is considering adding a new product to its lineup.This product is expected to generate sales for four years after which time the product will be discontinued.What is the project's net present value at a required rate of return of 14.8 percent? $$\begin{array} { | c | r | } 
\hline \text { Year } & \text { Cash Flow } \
\hline 0 & - \$ 62,000 \
\hline 1 & 16,500 \
\hline 2 & 23,800 \
\hline 3 & 27,100 \
\hline 4 & 23,300 \
\hline
\end{array}$$
A)$1,505.52
B)$1,067.24
C)$1,758.71
D)$1,519.58
E)$902.71

Quizplus · Accepted Answer

The Answer of Empire Industries is considering adding a new product to its lineup.This product is expected to generate sales for four years after which time the product will be discontinued.What is the project's net present value at a required rate of return of 14.8 percent? $$\begin{array} { | c | r | } 
\hline \text { Year } & \text { Cash Flow } \
\hline 0 & - \$ 62,000 \
\hline 1 & 16,500 \
\hline 2 & 23,800 \
\hline 3 & 27,100 \
\hline 4 & 23,300 \
\hline
\end{array}$$
A)$1,505.52
B)$1,067.24
C)$1,758.71
D)$1,519.58
E)$902.71

Empire Industries Is Considering Adding a New Product to Its