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Use the following table, Penod 1 2 3 Present Value of an Annuity of 8% 9% 10% .926 917 909 1.783 1.759 1.736 2577 2,531

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Use the following table, Penod 1 2 3 Present Value of an Annuity of 8% 9% 10% .926 917 909 1.783 1.759 1.736 2577 2,531 2.487 A company has a minimum required rate of return of 9% it is considering investing in a project which costs $350,000 and is expected to generato cash inflows of $140 000 at the end of each year for three years. The net present value of this project is O $354,340 $70,000 O $35,436 O $4,340

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