TB MC Qu$.5-33$ Music Company is considering investing in$...$

Music Company is considering investing in a new project. The project will need an initial investment of $$2,420,000$ and will generate $$1,250,000($after$-$tax$)$ cash flows for three

years. Calculate the NPV for the project if the cost of capital is $15$ percent.

Multiple Choice

$$254,931$

$$1,250,000$

$$434,031$

$$211,170$