Present Value of an Annuity of 1 Periods 9% 0.917 N 1.759 2.531 A company has a minimum required rate of return of 9%. It is considering investing in a project which costs $350,000 and is expected to generate net income of $137,000 and cash inflows of $140,000 at the end of each year for three years. The salvage value will be $9,000. The net present value of this project is ( 1) $35,436. O 2) $70,000. ( 3) $11,228. O 4) $4,340