You work for Sams Inc. and you have been assigned the task to evaluate a new project. The project has a life of 7 years. The cash flows from this project are estimated to be $101,200 per year. If the required return is 8.7 percent, what maximum initial investment would make the project acceptable? Multiple Choice $497,588.37 $427,526.73 $922,559.54 $458,064.36 $514,502.63