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Use the Table for the Question(s) Below -If the Appropriate Discount Rate for This Project Is 15

Question 13

Multiple Choice

Use the table for the question(s) below.
Consider a project with the following cash flows:
 Year  Cash Flow 010,00014000240003400044000\begin{array} { l c } \hline \text { Year } & \text { Cash Flow } \\\hline 0 & - 10,000 \\\hline 1 & 4000 \\\hline 2 & 4000 \\\hline 3 & 4000 \\\hline 4 & 4000 \\\hline\end{array}
-If the appropriate discount rate for this project is 15%, then the net present value (NPV) is closest to?


A) $6000
B) $1420
C) $867
D) -$867

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