ABS Ltd starts a new project that has a initial investment of $1,000,000, The estimated life of the project is 5 years. The market rate of return is 9%. Year Annual Profits 1 $100,000 2 $200,000 3 $360,000 4 $480,000 5 $510,000

What is the present value of the 5 cash inflows of this project?

Question 4 options:

	$1,200,000
	-$1,000,000
	-$1,200,000
	$1,000,000