A project is expected to create operating cash flows of €22,500 a year for three years.The initial cost of the non-current assets is €50,000.These assets will be worthless at the end of the project.An additional €3,000 of net working capital will be required throughout the life of the project.What is the project's net present value if the required rate of return is 10%?
A) €2,208.11
B) €2,954.17
C) €4,306.09
D) €5,208.11
E) €5,954.17
Correct Answer:
Verified
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