Question
Schoultz Corporation has provided the following data concerning an investment project that it is considering: Initial investment $700,000 Annual cash flow $266,000 per year The
Schoultz Corporation has provided the following data concerning an investment project that it is considering:
| Initial investment | $700,000 | |
| Annual cash flow | $266,000 | per year |
The life of the project is 4 years. The company's discount rate is 12%. The net present value of the project is closest to:
$700,000
$364,000
$108,108
$808,108
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Wiley CIA Exam Review Test Bank Part 1 Essentials Of Internal Auditing
Authors: S. Rao Vallabhaneni
1st Edition
1119987237, 978-1119987239
