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An orcharder spends $100,000 to plant pomegranate bushes. It will take four years for the bushes to provide a usable crop. He estimates that every

An orcharder spends $100,000 to plant pomegranate bushes. It will take four years for the bushes to provide a usable crop. He estimates that every year for 20 years after that he will receive a crop worth $11,000 per year. If the discount rate is 10%, what is the net present value (NPV) of this investment?

A.$7,207

B. $18,018

C. $36,036

D. 10,811

PLEASE SHOW YOUR WORK ON A FINANCIAL CALCULATOR OR EXCEL.

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