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A firm is looking at a new project that costs $100,000 to start and has estimated the following future cash flows: Year 1: CF=$65,000 Year

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A firm is looking at a new project that costs $100,000 to start and has estimated the following future cash flows: Year 1: CF=$65,000 Year 2: CF=$75,000 Year 3: CF=$90,000 The firm's required return on assets of this risk is 10%. What is the net present value of the project? $87,359$89,018$88,693$85,237 Page 24 of 2

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