Previous Page Next Page Page 11 of 12 Question 11 (1 point) Jimmy's dad bought a snowplow 5 years ago for $40,000. Jimmy spent $1000 fixing it up and it could be sold for $20,000 today and has an estimated 5 year life (zero value at end of 5 year). Jimmy is thinking about opening a snowplow business. He would face $21,000 in start up costs and estimates he would have an after tax annual operating cash flow (OCF) of $12,000 per year for the five years His required return is 4%. What is the Net Present Value of the business? $38,000 $32,422 $31,422 $12,422 Previous Page Next Page Page 11 of 12 Submit Quiz 9 of 12 questions saved