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Use the following table, Present Value of an Annuity of 1 Period 8 % 9 % 1 0 % 1 0 . 9 2 6

Use the following table, Present Value of an Annuity of 1 Period
8%9%10%10.9260.9170.90921.7831.7591.73632.5772.531
2.487 A company has a minimum required rate of return of 9%. It is
considering investing in a project which costs $270000 and is
expected to generate cash inflows of $130000 at the end of each
year for three years. The net present value of this project is

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