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The following details are provided by Ferrous Foundry Company: Initial investment $5,000,000 Discount rate 15% Yearly cash inflows 1 $1,252,000 2 $1,362,000 3 $2,402,000 4

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The following details are provided by Ferrous Foundry Company: Initial investment $5,000,000 Discount rate 15% Yearly cash inflows 1 $1,252,000 2 $1,362,000 3 $2,402,000 4 $1,168,000 PV of $1: 13% 14% 15% 1 0.885 0.877 0.87 Nm O A. $616,440 OB. $(594,032) O C. $590,000 OD. $(632,476)

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