3 Odeletta Corporation is considering an investment of $500,000 in a land development project. The investment will yield cash inflows of $214,000 per year for five years. The company uses a discount rate of 9%. What is the net present value of the investment? Present value of an ordinary annuity of $1: 8% 9% 10% 1 0.926 0.917 0.909 2 1.783 1.759 1.736 3 2.577 2.531 2.487 4 3.312 3.24 3.17 3.993 3.89 3.791 A. $332,460 B. $330,000 OC. $214,000 D. $230,000