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A project will produce cash inflows of $1,750 a year for four years. The project initially costs $7,164 to get started. In year five, the
A project will produce cash inflows of $1,750 a year for four years. The project initially costs $7,164 to get started. In year five, the project will be closed and as a result should produce a cash inflow of $3,500. The net present value of this project is closest to what value if the required rate of return is 12%?
a.-$1,306.18
b.$1,011.40
c.-$5,474.76
d.$95.56
e.$5,474.76
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