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23 Use the following table, Period 1 2 Present Value of an Annuity of 1 8% 9% 10% 0.926 0.917 0.909 1.783 1759 1.736 2.577

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Use the following table, Period 1 2 Present Value of an Annuity of 1 8% 9% 10% 0.926 0.917 0.909 1.783 1759 1.736 2.577 2.531 2.487 3 A company has a minimum required rate of return of 9%. It is considering investing in a project which costs $270000 and is expected to generate cash inflows of $130000 at the end of each year for three years. The net present value of this project is O $59030 $329030. O $32903 O $65000

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