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While the stay at home order has been in effect, your professor has searched for a project that meets the following characteristics: the project generates

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While the stay at home order has been in effect, your professor has searched for a project that meets the following characteristics: the project generates yearly net cash inflows of $20,000 for 6 years, has a salvage value of $2,000 at the end of 6 years, has an internal rate of return of 12%, and a required rate of return of 8%. The initial cost of this project that meets all the above characteristics is closest to Multiple Choice O $93,720 0 $83,234 O $77,638 o $81,742

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