Story Company is investing in a giant crane. It is expected to cost 6.0 million in initial investment and it is expected to generate an end of year cash flow of 3.0 million each year for three years. Calculate the NPV at 12% (approximately).
A) 2.4 million
B) 1.2. million
C) 0.80 million
D) 0.20 million

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The Answer of Story Company is investing in a giant crane. It is expected to cost 6.0 million in initial investment and it is expected to generate an end of year cash flow of 3.0 million each year for three years. Calculate the NPV at 12% (approximately).
A) 2.4 million
B) 1.2. million
C) 0.80 million
D) 0.20 million

Story Company Is Investing in a Giant Crane