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Question 18 3 pts Lance Corporation has provided the following data concerning an investment project that it is considering: Initial investment $670,000 Working capital required

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Question 18 3 pts Lance Corporation has provided the following data concerning an investment project that it is considering: Initial investment $670,000 Working capital required at the beginning of the project $ 61,000 Annual cash inflow from the project $227,000 per year Salvage value at the end of the project $ 20,000 Expected life of the project 3 years Discount rate 10% Refer to Exhibit 12B-1 (Present value of $1 table) and Exhibit 12B-2 (Present value of an annuity table) to determine the appropriate discount factor(s). The working capital will be released for use elsewhere at the end of the project. The Net Present Value of the project is: $11,000 ($105,847) ($44,847) ($151,658)

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