QUESTION 7 Tampa Corporation is considering an investment proposal that will require an initial outlay of $820,000 and would yield yearly cash inflows of $216,000 for nine years. The company uses a discount rate of 10%. What is the NPV of the Investment? Present value of an ordinary annuity of $1: 8% 9% 10% 0.926 0.917 0.909 2 1.783 1 759 1.736 3 2.577 2.531 2.487 3.312 3.24 3.17 5 3.923 3 89 3.791 16 4.623 4.486 4.355 5.206 5.033 4.868 8 5.747 5.535 5.335 9 6.247 5.995 5.759 O $251,667 $378,000 O $410,000 $423,944