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Odeletta Corporation is considering an investment of $518,000 in a land development project. The investment will yield cash inflows of $220,000 per year for five
Odeletta Corporation is considering an investment of $518,000 in a land development project. The investment will yield cash inflows of $220,000 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: 1 2 3 4 5 8% 0.926 1.783 2.577 3.312 3.993 9% 0.917 1.759 2.531 3.24 3.89 10% 0.909 1.736 2.487 3.17 3.791 Select one: $337,800 $341,880 $220.000 $238,280
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