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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

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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 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 0.9170909 1.783 1.7591736 2.577 2.531 2.487 3.312 3.993 2 3.17 3.24 3.89 3.79 O A. $341,880 O B. $238,280 OC. $220,000 O D. $337,800

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