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 $237000 and is expected to generate cash inflows of $95000 at the end of each year for three years. The net present value of this project is

Answer options:

$24045.

$47500.

$3445.

$240445.