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question 31 Question 31 (3 points) Coulosn Corporation is considering an investment of $518,000 in a land development project. The investment will yield cash inflows
question 31 Question 31 (3 points) Coulosn Corporation is considering an investment of $518,000 in a land development project. The investment will yield cash inflows of $220,000 per year for five years. The company uses a discount rate of 9%. What is the net present value of the investment? Present value of an ordinary annuity of $1. D 8 % 9% 10% | 11 0.9268 0.9170.909 2 1.7835 1.759 1.736 3 2.577 .2.531 2.487 4 3.3123.240 3.170 5 3 .993 SEN 3.890 3.791 $341.880 $220,000 $238.280 $337,800
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