Sloan Inc. recently invested in a project with a 3-year life span. The net present value was $9,000 and annual cash inflows were $21,000 for year 1; $24,000 for year 2; and $27,000 for year 3. The initial investment for the project, assuming a 15% required rate of return, was 
A) $45,792.
B) $45,180.
C) $29,232.
D) $38,376.
Correct Answer:
Verified
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