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White Company's required rate of return on capital budgeting projects is 12%. The company is considering an investment opportunity which would yield a cash flow

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White Company's required rate of return on capital budgeting projects is 12%. The company is considering an investment opportunity which would yield a cash flow of $10,000 in five years. What is the most that the company should be willing to invest in this project? (Note: PV of a $1 payment @ 12% for 5 years = 3.605, and PV of a $1 lump sum amount @ 12% for 5 years = 0.567) $36,050. $2,774. $5,670. $17,637

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