Kingbird recently invested in a project with a 3-year life span. The net present value was $10000 and annual cash inflows were $33000 for year 1: 35000 for year 2; and $37000 for year 3. The initial investment for the project, assuming a 15% required rate of return, was PV of an Annuity Present Value Year of lat 15% 1 0.870 2 0.756 3 0.658 of lat 15% 0.870 1.626 2.283 $66030 $59090 $69516 $81350