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16 . An investment costs $260 000 initially and will generate the following cash flows Year 1 $110.000 Year 2 $140, 000 Year 3 $

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16 . An investment costs $260 000 initially and will generate the following cash flows Year 1 $110.000 Year 2 $140, 000 Year 3 $ 100 000 The required rate is 11% . What is the approximate net present value on this investment ? a . 0 b . $25 845 C. $45 578 d. 260.000 e . None of the above

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