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Salem Co. is considering a project that yields annual net cash inflows of $420,000 for years 1 through 5, and a net cash inflow of $100,000 in year 6. The project will require an initial investment of $1,800,000. Salem’s cost of capital is 10%. Present value information is presented below.
What was Salem’s expected net present value for this project? A. $(108,200) B. $ 83,000 C. $(442,000) D. $(152,200) |