Present Value of an Annuity of 1
Periods		8%		9%		10%
1		0.926		0.917		0.909
2		1.783		1.759		1.736
3		2.577		2.531		2.487

A company has a minimum required rate of return of 9%. It is considering investing in a project that costs $210,000 and is expected to generate cash inflows of $84,000 at the end of each year for three years. The net present value of this project is

$2,604.

$21,261.

$212,604.

$42,000.