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ISG Steel Corporation is interested in building a skyscraper in downtown Cleveland Ohio. The building will cost an estimated $200,000,000 dollars to build and will

ISG Steel Corporation is interested in building a skyscraper in downtown Cleveland Ohio. The building will cost an estimated $200,000,000 dollars to build and will have a useful life of eight (8) years. Cash flows from the project are expected to be as follows. Note: the project has a scrap/terminal value of $50,000,000, (period 8). Use discount rate 9.26%. 1 32,000,000 2 32,000,000 3 32,000,000 4 32,000,000 5 32,000,000 6 32,000,000 7 32,000,000 8 32,000,000 256,000,000 What is the Net Present Value of this project ( K = WACC) a. 174,368.00 b. 35,078.46 c. 13,250.00 d. 6,076.66 e. (12,135.00)

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