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Maddi's Styling Salon is trying to decide whether to invest in a project that will require an initial investment of $85,000. Maddi's desired rate of

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Maddi's Styling Salon is trying to decide whether to invest in a project that will require an initial investment of $85,000. Maddi's desired rate of return is 6%. Maddi anticipates that annual cash flows from the project will be as follows: Year Annual Net Cash Flows 1 $25,000 2 $30,000 3 $35,000 4 $20,000 Question: What is the Net Present Value of the project? $27,500.00 $95,513.00 $10,513.00 $21,782.75

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