Question: (LO 9-3) What is the net present value for this stream of cash flows for a $32,000 investment (32,000) and cash inflows of $9,000 per

(LO 9-3) What is the net present value for this stream of cash flows for a $32,000 investment (−32,000) and cash inflows of $9,000 per year for Years 1–4, assuming a 3 percent cost of capital? Use the Excel NPV() function for your calculation.

a. −$1,312.66

b. $1,453.89

c. $1,312.66

d. −$1,453.89

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