Your division is considering two investment projects, each of which requires an up-front expenditure of $2,424,000.00. You estimate that the investments will produce the following net cash flows:

Year Project B 1 $20,570,000 2 9,780,000 3 6,060,000 b. What is the net present values of project B, assuming the cost of capital is 12.00%?

Answer is either: a). $28,052,015.85 b). $21,225,943.75 c). $27,107,831.77 d). $25,829,160.46 e). $28,897,971.61