Question: 6) First Coffee is evaluating a project with a 10 year expected life. The equal annual cash inflows are expected to be $98,500. What is

6) First Coffee is evaluating a project with a 10 year

6) First Coffee is evaluating a project with a 10 year expected life. The equal annual cash inflows are expected to be $98,500. What is the maximum initial investment that would make the project acceptable using the Net Present Value method if the required rate of return is 7.8%? 6) A) $579,104.36 B) $637,742.44 C) $1,413,445.24 D) $620,468.96 E) $666,947.08

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