Question 25 Chapter 24

A project requires a $42,000 initial investment and is expected to generate end-of-period annual cash inflows as follows: Assuming a discount rate of 12%, what is the net present value (rounded to the nearest whole dollar) of this investment? Selected present value factors for a single sum are shown in the table below: Multiple Choice $0 $30,240 $(12,104) $33,826 $(8,174)