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A proposed project has an initial cost of $ 2 0 0 , 0 0 0 and cash flows of - $ 1 3 ,

A proposed project has an initial cost of $200,000 and cash flows of -$13,200,$124,500, and $187,900 for Years 1 to 3, respectively. Victoria, the boss, insists that only projects that can return at least $1.10 in today's dollars for every $1 invested can be accepted. She also insists on applying a discount rate of 14 percent to all cash flows. Based on these criteria, the project should be
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