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Reed Enterprises is considering a project that has the following cash flow and cost of capital (r) data. What is the project's NPV? Note that

Reed Enterprises is considering a project that has the following cash flow and cost of capital (r) data. What is the project's NPV? Note that a project's expected NPV can be negative, in which case it will be rejected.(EXCEL/FORMULA) r: 12.00%

Year: 0 1 2 3

Cash flows: $1,000 $450 $465 $470

a. $100.01

b. $102.83

c. $107.02

d. $115.85

e. $123.03

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