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Kingbird Inc. recently invested in a project with a 3-year life span. The net present value was $10000 and annual cash inflows were $20000

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Kingbird Inc. recently invested in a project with a 3-year life span. The net present value was $10000 and annual cash inflows were $20000 for year 1; $24000 for year 2; and $25000 for year 3. The initial investment for the project, assuming a 15% required rate of return, was Present Value PV of an Annuity Year of 1 at 15% of 1 at 15% 1 0.870 0.870 2 0.756 1.626 3 0.658 2.283 $26046. $41994. $42606. O $35190.

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