Gamma Company is considering an investment of $ 504, 000 in a land development project. It will yield cash flows of $ 210,

000 for 5 years. The company uses a discount rate of 9%. What is the net present value of the investment? Present value of annuity of $1: 8% 9% 10%

1 0.926 0.917 0.909

2 1.783 1.759 1.736

3 2.577 2.531 2.487

4 3.312 3.24 3.17

5 3.993 3.89 3.791

A. 332,640

B 312,900

C 231,840

D 210,00