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Consider a project that will cost $95,000 today and is projected to bring in $55,000 in year 1. $40,000 in year 2, and $20,000 in

Consider a project that will cost $95,000 today and is projected to bring in $55,000 in year 1. $40,000 in year 2, and $20,000 in year 3. Cost of capital is 10%. What

is the project's Pl?

a. 0.97

b. 1.00

c. 1.03

d. 1.06

e. 1.10


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