A company is considering an iron ore extraction project that requires an initial investment of $518,000 and will yield annual cash inflows of $158,000 for four years.The company's discount rate is 9%.What is the NPV of the project?
Present value of an ordinary annuity of $1:
A) $6,080
B) $(103,600)
C) $103,600
D) $(6,080)
Correct Answer:
Verified
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