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A company wants to convert some bare land into an edible forest garden. It would cost the company $80,265 to set this garden in place

  1. A company wants to convert some bare land into an edible forest garden. It would cost the company $80,265 to set this garden in place now and it would produce $160,000 in benefits 12 years from now (we are not interested in benefits occurring after year 12). The net present value for this project, considering a discount rate of 3% is:
  2. $52,330
  3. $79,735
  4. $31,956
  5. $40,503

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