An investment of $360 at time t=0 is expected to produce an end-of-year cash flow of $480. What is the NPV of the project at a discount rate of 20%?

1)

$0

2)

$240

3)

$10

4)

$40

5)

$20

6)

$60

7)

$180

8)

$30

9)

$420

10)

Less than $0