A farmer sows a certain crop.It costs $250,000 to buy the seed,prepare the ground,and sow the crop.In one year's time it will cost $110,000 to harvest the crop.If the crop will be worth $380,000,and the interest rate is 8%,what is the net present value (NPV) of this investment?
A) -$21,000
B) -$220
C) $0
D) $23,100
E) $20,000
Correct Answer:
Verified
Q14: A furniture store offers no money down
Q14: The Net Present Value rule implies that
Q15: Which of the following formulas regarding net
Q16: Martin is offered an investment where for
Q17: What is the present value (PV)of an
Q18: A delivery service is buying 600 tires
Q20: Use the information for the question(s)below.
An independent
Q21: A manufacturer of video games develops a
Q22: The owners of a chain of fast-food
Q23: A communications company installs cable to service
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents