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38 An investment of $100,000 today results in cash inflows of $60,000 at the end of each of the next two years. Assuming annual discounting

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38

An investment of $100,000 today results in cash inflows of $60,000 at the end of each of the next two years. Assuming annual discounting at a rate of ten percent, the net present value is A) less than $1,000 B) more than $1,000, but less than $2,000 C) more than $2,000, but less than $3,000 D) more than $3,000, but less than $4,000 E) more than $4,000

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