question 32

Question 32 (3 points) The following details are provided by Fury Company: Initial investment $2,020,000 Discount rate 2 12% Yearly cash inflows ERNES 1 $786,000 2 $678,000 3 $678,000 4 BEHAND$678,000 5 ARISES $786,000 Present Value of $1: 10% 11% 12% 13% 0.9090.901 0.8930.885 0.826 0.8120.797 0.783 3 0 .7510.731 0.712 0.693 0.6830.659 0.6360.613 5 0.621 0.5930 .567 0.543 Calculate the NPV of the project. $1,015.050 $581,870 $252.500 $959.500