Chloe is considering an investment proposal that requires an initial investment of $88,700, has predicted cash inflows of $28,000 per year for four years and no salvage value.The present value factor of an annuity of $1 for 4 periods at 8% is 3.312.

At a discount rate of 8 percent the projects net present value is:

(3pts)

Question 1 - Chloe is considering an investment proposal that requires an initial investment of $88,700, has predicted cash inflows of $28,000 per year for four years and no salvage value.The present value factor of an annuity of $1 for 4 periods at 8% is 3.312. At a discount rate of 8 percent the projects net present value is:

$4,036

$15,256

$23,300

$92,736