Green Acres Winery is considering a project with annual after-tax cash flows of $10 000 per year for 7 years. The company's cost of capital is 8%. Using the net present value method, what is the maximum amount that the Green Acres should invest?
A) $70 000
B) $40 845
C) $64 813
D) $52 064
Correct Answer:
Verified
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