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TopSpeed Motors is considering adding a new location to their existing car lots. The new facility will cost $12.7 million to construct. Management uses a

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TopSpeed Motors is considering adding a new location to their existing car lots. The new facility will cost $12.7 million to construct. Management uses a discount rate of 10.9%. They anticipate the following cash flows for next seven years: Year Cash Flow 1 2.2m 2 2.5m 3 2.9m 4 3.1m 5 3.4m 6 3.6m 7 3.9m The proposed project's net present value is closest to: A. $8,900,000

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