Consider a 12-year project that costs $48,000 today and will produce after-tax cash flows of $6,000 each year for the first four years,$7,000 each year for the next four years,and $8,000 each year for the last four years.If the cost of capital is 8 percent,what is the project's NPV?
A) -$30,092.41
B) $907.11
C) $3,229.86
D) $21,554.66
Correct Answer:
Verified
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