Question: 1.You are evaluating a project with a cost at time 0 of $1,000 and earnings of $500 per year for 10 years starting in year

1.You are evaluating a project with a cost at time 0 of $1,000 and earnings of $500 per year for 10 years starting in year 7. If the discount rate is 10%, what is the NPV of the project?

a.$1,734.29

b.$734.22

c.$1,048.11

d.$2,072.28

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