The Sawyer Corporation has $80,000 to invest and is considering two different projects, X and Y. The following data are available on the projects: Both projects will have a useful life of 5 years; at the end of 5 years, the working capital will be released for use elsewhere. Sawyer's discount rate is 12%. The net present value of project X is closest to:

Question

The Sawyer Corporation has $80,000 to invest and is considering two different projects, X and Y. The following data are available on the projects:  Both projects will have a useful life of 5 years; at the end of 5 years, the working capital will be released for use elsewhere. Sawyer's discount rate is 12%. The net present value of project X is closest to:

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The Answer of The Sawyer Corporation has $80,000 to invest and is considering two different projects, X and Y. The following data are available on the projects:  Both projects will have a useful life of 5 years; at the end of 5 years, the working capital will be released for use elsewhere. Sawyer's discount rate is 12%. The net present value of project X is closest to:

The Sawyer Corporation Has $80,000 to Invest and Is Considering