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A firm has an opportunity to invest in a project that will generate $55,000 per year for the next 10 years and requires an initial

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A firm has an opportunity to invest in a project that will generate $55,000 per year for the next 10 years and requires an initial investment of $300,000. The firm will need to raise equity to pay for the project. If the firm's discount rate is 11%, should they invest in this project? O Yes, since the NPV is approximately $23,908 O Yes, since the NPV is approximately $9,500 O No, since the NPV is approximately -$6,100 O No, since the NPV is approximately -$8,500

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