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?

Question $22$Select one:

a$.$

Yes, since the NPV is approximately $$9,500$

b$.$

Yes, since the NPV is approximately $$23,908$

c$.$

No$,$ since the NPV is approximately $-$$$8,500$

d$.$

No$,$ since the NPV is approximately$-$$$6,100$