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CORDO COM O Nucor Steel Corporation has a new electric arc furnace that has an initial cost of $385,000. Nucor Steel expects this new electric

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CORDO COM O Nucor Steel Corporation has a new electric arc furnace that has an initial cost of $385,000. Nucor Steel expects this new electric arc furnace to generate free cash flows of $49,100 for 11 years and a free cash flow of $64,500 in Year 12. If Nucor Steel's required return for this new electric are furnace Is 8.1 percent, what is the NPV for this furnace? Multiple Choice $119,413.44 -$10.840.09 $8.442.84 $98,568 58 -$16.888.10

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