15. The Big Wave Co. is considering pursuing a project that will generate annual cash flows of $20,000 forever. The company requires a 10 percent rate of return. What is the value of this project to the company? A. $20,000 B. $200,000 C. $2,000,000 D. $20,000,000 E. $200,000,000 Answer: 16. You plan to invest $50 at the beginning of each month for the next 20 years and hope to earn an average rate of return of 9 percent. How much will you have at the end of the 20 years? A. $33,394.34 B. $33,644.80 C. $43,678.65 D. $44,521.09 E. $44,633.24