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The following details are provided by Ferrous Foundry Company: Initial investment $5,020,000 Discount rate 15% Yearly cash inflows 1 $1,250,000 2 $1,368,000 3 $2,412,000 4

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The following details are provided by Ferrous Foundry Company: Initial investment $5,020,000 Discount rate 15% Yearly cash inflows 1 $1,250,000 2 $1,368,000 3 $2,412,000 4 $1,154,000 Present Value of $1: 13% 1 0.885 0.783 14% 0.877 0.769 15% 0.87 0.756 2. O A. $592,360 O B. $615,455 OC. $(594,941) OD. $(651,108) ws

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