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XYZ is evaluating a project that would last for 3 years. The project's cost of capital is 15.70 percent, its NPV is $43,600.00 and the

XYZ is evaluating a project that would last for 3 years. The project's cost of capital is 15.70 percent, its NPV is $43,600.00 and the expected cash flows are presented in the table. What is X?

Years from today 0 1 2 3
Expected Cash Flow (in $) -53,100 70,600 -13,000 X
An amount equal to or greater than $61,876.00 but less than $67,528.00
An amount less than $43,600.00 or an amount greater than $73,077.00
An amount equal to or greater than $52,195.00 but less than $61,876.00
An amount equal to or greater than $67,528.00 but less than $73,077.00
An amount equal to or greater than $43,600.00 but less than $52,195.00

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