1. Present Value of $ 1 at 12% for 8 years = 0.404

   Present Value of an annuity at 12% for 8 years = 4.968

   Future Value of $1 at 12% for 8 years = 2.476

   Future Value of an annuity at 12% for 8 years = 12.3

   Vargas Products is considering a capital project. Project A has net cash inflows of $56,000 annually for 8 years. What is the total amount they would be willing to invest if their expected return is 12%?

   	a.	$ 22,624
   	b.	180,992
   	c.	$278,208
   	d.	$448,000