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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 $208,000 per year for five

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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 $208,000 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% 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 UT AWN A. $343,200 B. $289,120 C. $239,200 D. $208,000

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