Caldwell Corporation Is Considering an Investment Proposal That Will Require

Caldwell Corporation is considering an investment proposal that will require an initial outlay of $804,000 and would yield yearly cash inflows of $200,000 for nine years.The company uses a discount rate of 10%.What is the NPV of the investment?
Present value of an ordinary annuity of $1:

A) $350,000
B) $402,000
C) $347,800
D) $251,667