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Odeletta Corporation is considering an investment of $512,000 in a land development project. The investment will yield cash inflows of $212,000 per year for five

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Odeletta Corporation is considering an investment of $512,000 in a land development project. The investment will yield cash inflows of $212,000 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 51: 8% 9% 10% 1 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. $212,000 OB. $337,920 O C. $235,520 OD. $312.680

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