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

The following information relates to three mutually exclusive projects.
$\begin{array}{lllll}&\text { Project } A & \text { Project } B & \text { Project C } \\\text { Initial cash outlay }&\$ 40,000 & \$ 40,000 & \$ 40,000 \\\text { Net cash inflows: }\\\text { Year } 1 & 3000 & 16000 & 12000 \\ 2 & 7,000 & 13,000 & 12,000 \\ 3 & 11,000 & 10,000 & 12,000 \\ 4 & 15,000 & 7,000 & 12,000 \\ 5 & 19,000 & 4,000 & 12,000\\\text { Salvage value Year } 5&8,000&\text { Nil }&2,000\end{array}$ REQUIRED:
Compute the net present value of each project at a discount rate of 10%.