A Firm Is Considering a Project with an Annual Cash

A firm is considering a project with an annual cash flow of $300,000.The project would have a five year life, and the company uses a discount rate of 12%.What is the maximum amount the company could invest in the project and have the project still be acceptable?

A) $2,180,143
B) $1,650,159
C) $1,081,434
D) $3,150,562