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A factory costs $300,000. You forecast that it will produce cash inflows of $90,000 in year 1, $150,000 in year 2, and $240,000 in year

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A factory costs $300,000. You forecast that it will produce cash inflows of $90,000 in year 1, $150,000 in year 2, and $240,000 in year 3. The discount rate is 11% a. What is the value of the factory? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Value of the factory b. Is the factory a good investment? Yes No

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