he following details are provided by BeckettCompany:

Initial investment $2,000,000

Discount rate 12%

Yearly cash inflows

1 $796,000

2 $678,000

3 $678,000

4 $678,000

5 $796,000

Present Value of$1:

10% 11% 12% 13%

1 0.909 0.901 0.893 0.885

2 0.826 0.812 0.797 0.783

3 0.751 0.731 0.712 0.693

4 0.683 0.659 0.636 0.613

5 0.621 0.593 0.567 0.543

Calculate the NPV of the project.

A. $616,470

B. $250,000

C. $1,005,000

D. $950,000

The following details are provided by Ferrous FoundryCompany:

Initial investment $5,000,000

Discount rate 15%

Yearly cash inflows

1 $1,256,000

2 $1,360,000

3 $2,402,000

4 $1,158,000

PV of$1:

13% 14% 15%

1 0.885 0.877 0.87

2 0.783 0.769 0.756

3 0.693 0.675 0.658

4 0.613 0.592 0.572

What is the NPV of theproject?

A. ($636,228)

B. ($594,486)

C. $618,409

D. $590,000