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Odeletta Corporation is considering an investment of $500,000 in a land development project. The investment will yield cash inflows of $214,000 per year for five
Odeletta Corporation is considering an investment of $500,000 in a land development project. The investment will yield cash inflows of $214,000 per year for five years. The company uses a discount rate of 9%. What is the net present value of the investment? Present value of an ordinary annuity of $1: 8% 9% 10% 0.926 0.917 0.909 2 1.783 1.759 1.736 3 2.577 2.531 2.487 4 3.312 3.24 3.17 5 3.993 3.89 3.791 O A. $230,000 B. $214,000 O C. $332,460 a OD. $330,000 Robusta Coffee Importers sold 8,000 units in October at a sales price of $45 per unit. The variable cost is $25 per unit. The monthly fixed costs are $8,000. What is the operating income earned in October? A. $360,000 OB. $152,000 OC. $160,000 OD. $200,000
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