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The following details are provided by Ferrous Foundry Company: $5,000,000 15% Initial investment Discount rate Yearly cash inflows 1 2 3 4 $1,266,000 $1,356,000 $2,412,000

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The following details are provided by Ferrous Foundry Company: $5,000,000 15% Initial investment Discount rate Yearly cash inflows 1 2 3 4 $1,266,000 $1,356,000 $2,412,000 $1,168,000 PV of $1: 13% 1 0.885 2 0.783 3 0.693 4 0.613 14% 0.877 0.769 0.675 0.592 15% 0.87 0.756 0.658 0.572 What is the NPV of the project? O A. $(618,252) OB. $623,333 O c. $590,000 OD. $(595,850)

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