Which of the following is the correct equation to solve for the net present value of a project. A)NPV = CF₀ + CF_1/(1 + k)¹+ CF_2/(1 + k)²+^...CFn_/(1 + k)ⁿ B)NPV = CF₀ + CF₁(1 + k)¹+ CF₂(1 + k)²+^...CFn(1 + k)ⁿ C)NPV = CF₀ - CF_1/(1 + k)¹ - CF_2/(1 + k)^2-...CFn_/(1 + k)ⁿ D)NPV = CF_1/(1 + k)¹+ CF_2/(1 + k)²+^...CFn_/(1 + k)ⁿ

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The correct equation to solve for the net present value of a project is:NPV = CF0 + CF1/(1 + k)^1 + CF2/(1 + k)^2 + ... + CFn/(1 + k)^nwhere:CF0 is the initial cash flowCF1, CF2, ..., CFn are the cash flows in years 1, 2, ..., nk is the discount rate

Which of the Following Is the Correct Equation to Solve