$1.$

Question $1$

A company is expecting the following Net Cash Flows for the upcoming three years:

$$ NCF $(1)=5\mathrm{.}000$

$$ NCF $(2)=8\mathrm{.}000$

$$ NCF $(3)=12\mathrm{.}000$

Given a cost of capital of $6\%,$ the NPV $(0)$ is:

$1$ point

$25\mathrm{.}000$

$21\mathrm{.}912$

$20\mathrm{.}990$

$22\mathrm{.}195$