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Warnock Inc. is considering a project that has the following cash flow and WACC data. What is the project's NPV? Note that a project's projected

Warnock Inc. is considering a project that has the following cash flow and WACC data. What is the project's NPV? Note that a project's projected NPV can be negative, in which case it will be rejected.

WACC: 10.00%
Year 0 1 2 3
Cash flows -$1,050 $500 $400 $300
a. -$39.09
b. -$40.27
c. -$39.48
d. -$29.61

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