The Following Information Relates to Three Mutually Exclusive Projects REQUIRED:
Compute the Net Present Value of Each Project at \text

The following information relates to three mutually exclusive projects.
$\begin{array}{lrrr}& \text { Project } A & \text { Project B } & \text { Project C } \\\text { Initial cash outlay } & \$ 40,000 & \$ 40,000 & \$ 40,000\\\text { Net cash inflows: }\\\text { Year }1 & 3,000 & 16,000 & 12,000 \\2 & 7,000 & 13,000 & 12,000 \\3 & 11,000 & 10,000 & 12,000 \\4 & 15,000 & 7,000 & 12,000 \\5 & 19,000 & 4,000 & 12,000 \\\text {salvage value Year 5 } & 8,000 & \mathrm{Nil} & 2,000\end{array}$
REQUIRED:
Compute the net present value of each project at a discount rate of 10%.