Gamma Corporation is considering an investment of $516,000 in a land development project. The investment will yield cash inflows of $200,000 per year for five years. The company uses a discount rate of 9%. What is the net present value of the investment?

a). $237,360 

b). $340,560 

c). $200,000 

d). $262,000

Answer rating: 100% (QA)

net present value Present value of cash inflows Present value of cash outflow... View the full answer