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Practice Homework Due Ending Week 5 General: a large paper company, mentioned the below following question and choices for you. Use your accounting knowledge to

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Practice Homework Due Ending Week 5 General: a large paper company, mentioned the below following question and choices for you. Use your accounting knowledge to pick the best result as part of this hypothetical interview process. There will only be one correct answer. Choose the best one and report back to your team. The Lilly Company invested $67,000 in a four-year machine. The machine's net present value was $8,000 using a 15% cost of capital. Information on cash flows and present value factors is as follows: Year 1 : Expected cash flow, net of taxes =$20,600; Present value of $1@15%=.87; Year 2. Expected cash flow, net of taxes = \$24,000; Present value of $1@15%=.76; Year 3: Expected cash flow, net of taxes = \$21,800; Present value of $1@15%=.66; Year 4 : Expected cash flow, net of taxes = ?; Present value of $1@15%=.57. What is the expected cash now, net of taxes, in year four? A. $8,800. B. $16,450. C. $24,450. D. $28,860. E. $42,895. One correct responself

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