Project $x$ has an initial investment of $$10,000$ and a residual value of $$3,000$ after

$20$ years. It will generate an annual cash flow of $$2,000$ for $20$ years. The

company's rate of return is $8\%.$ What is the NPV of this project, to nearest $$10?$

$[$Attached is the cash flow diagram.$]$

Question $21$ Graphic.pdf $56$ KB

A$.$ $$10,000$

B$.$ $$10,280$

C$.$ $$12,370$

D$.$ $$30,320$

$)$

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