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don't use chatgpt......Acme Company is considering an investment in a project that has an internal rate of return of 2 0 % . The project

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don't use chatgpt......Acme Company is considering an investment in a project that has an internal rate of return of 20%. The project has an 8-year useful life but has no salvage value. Net cash inflows from the project are $300,000 per year in each of the 8 years. Management uses a 16% discount rate to make capital budgeting decisions. What is the net present value of this project?
$167,493
$146,392
$115,645
$152,100
None of the above
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