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Sloan Inc. recently invested in a project with a 3-year life span. The net present value was $9,000 and annual cash inflows were $21,000 for

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Sloan Inc. recently invested in a project with a 3-year life span. The net present value was $9,000 and annual cash inflows were $21,000 for year 1; $24,000 for year 2, and $27,000 for year 3. The initial investment for the project, assuming a 15% required rate of return, was a. $45, 792. b. $45, 180. c. $29, 232. d. $38, 376

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