Markovich Corporation is considering building a new plant.It will cost $1 million today to build it and it will generate revenues of $1.121 million three years from today.Of the interest rates below,which is the highest interest rate at which Markovich still would be willing to build the plant?
A)3 percent
B)3.5 percent
C)4 percent
D)4.5 percent

Question

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The Answer of Markovich Corporation is considering building a new plant.It will cost $1 million today to build it and it will generate revenues of $1.121 million three years from today.Of the interest rates below,which is the highest interest rate at which Markovich still would be willing to build the plant?
A)3 percent
B)3.5 percent
C)4 percent
D)4.5 percent

Markovich Corporation Is Considering Building a New Plant