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Harry just invested $185,280 in a 5-year private investigating (PI) company that will generate cash inflows of $39,700 and $82,470 during its first two years,

Harry just invested $185,280 in a 5-year private investigating (PI) company that will generate cash inflows of $39,700 and $82,470 during its first two years, respectively. According to Harry, the company will generate inflows of $63,250, $61,360, and $44,600, during its last three years, respectively. If Harry's cost of capital is 8.7%, the NPV of his PI company is:

(select one)

  • $16,270.30

  • $43,625.67

  • $8,837.78

  • $11,958.76

  • $9,721.56

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