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Tri-Facet Company requires a return of 16% on its capital budgeting projects. Tri-Facet is considering an investment opportunity that would yield annual cash inflows of

Tri-Facet Company requires a return of 16% on its capital budgeting projects. Tri-Facet is considering an investment opportunity that would yield annual cash inflows of $15,500 for the next 3 years. What is the most that Tri-Facet should pay to invest in this project?

Question 14 options:

$5,564.50

$34,813.00

$15,500.00

$9,935.50

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