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Odeletta Corporation is considering an investment of $520,000 in a land development project. The investment will yield cash inflows of $202,000 per year for five

Odeletta Corporation is considering an investment of $520,000 in a land development project. The investment will yield cash inflows of $202,000 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 8% 0.926 9% 10% 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 A. $239,200 B. $265,780 c. $202,000 D. $343,200

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