You are making an investment of $110,000 and require a rate of return of14.6 percent.You expect to receive $48,000 in the first year, $52,500 in the second year, and $55,000 in the third year.There will be a cash outflow of $900 in the fourth year to close out the investment.What is the net present value of this investment?
A) $7,881.55
B) $4,305.56
C) $1,879.63
D) $633.33
E) $8,534.25
Correct Answer:
Verified
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