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Patterson Co. is considering a project that has the following cash flow and cost of capital (r) data. What is the project's NPV? Note that

Patterson Co. is considering a project that has the following cash flow and cost of capital (r) data. What is the project's NPV? Note that a project's expected NPV can be negative, in which case it will be rejected.

r: 10.00%
Year

0

1

2

3

Cash flows

$950

$500

$400

$300

a.

$57.49

b.

$54.62

c.

$66.72

d.

$60.52

e.

$63.54

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