A company is considering an iron ore extraction project which requires an initial investment of $500,000 and will yield annual cash flows of $150,000 for 4 years. The company's hurdle rate is 9%. What is the NPV of the project? 
A) positive $14,000
B) negative $100,000
C) positive $100,000
D) negative $14,000
Correct Answer:
Verified
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