Salem Co. is considering a project that yields annual net cash inflows of $420,000 for years 1 through 5, and net cash inflow of $100,000 in year 6. The project will require an initial investment of $1,800,000. Salem's cost of capital is 10%. Present value information is present below: Present value of $1 for 5 years at 10% is.62. Present value of $1 for 6 years at 10% is.56. Present value of an annuity of $1 for 5 years at 10% is 3.79. What was Salem's expected net present value for this project? O ($442,500) O $83,000 ($108,200) ($152,200)

Salem Co. is considering a project that yields annual net cash inflows of $420,000 for years 1 through 5 , and net cash inflow of $100,000 in year 6 . The project will require an initial investment of $1,800,000. Salem's cost of capital is 10%. Present value information is present below: - Present value of $1 for 5 years at 10% is .62 . - Present value of $1 for 6 years at 10% is .56 - Present value of an annuity of $1 for 5 years at 10% is 3.79 . What was Salem's expected net present value for this project? ($442,500) $83,000 ($108,200) (\$152,200)