A company is considering an iron ore extraction project that requires an initial investment of $512,000 and will yield annual cash inflows of $156,000 for four years.The company's discount rate is 9%.What is the NPV of the project?
Present value of an ordinary annuity of $1:
A) $6560
B) $(102,400)
C) $102,400
D) $(6560)
Correct Answer:
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