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An investment of $ 1 0 0 on July 1 , 2 0 2 1 , generates after - tax cash flows of $ 4

An investment of $100 on July 1,2021, generates after-tax cash flows of $40 at the
end of 2021, $80 at the end of 2022, and $120 at the end of 2023. The required
rate of return is 10 percent and assumed semi-annual compounding. The net
present value is closest to:
A. $101.23.
B. $58.33.
C. $68.52.

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