Patterson Co.is considering a project that has the following cash flow and cost of capital (r) data.What is the project's NPV? Note that a project's expected NPV can be negative, in which case it will be rejected. r:
10)00%
Year
0
1
2
3
Cash flows
−$950
$500
$400
$300
A) $54.62
B) $57.49
C) $60.52
D) $63.54
E) $66.72

Question

Quizplus · Accepted Answer

The Answer of Patterson Co.is considering a project that has the following cash flow and cost of capital (r) data.What is the project's NPV? Note that a project's expected NPV can be negative, in which case it will be rejected. r:
10)00%
Year
0
1
2
3
Cash flows
−$950
$500
$400
$300
A) $54.62
B) $57.49
C) $60.52
D) $63.54
E) $66.72