Question: A company is planning a project that will cost $ 22,000. The annual cash inflow, net of income taxes, will be $5,000 a year for

A company is planning a project that will cost $ 22,000. The annual cash inflow, net of income taxes, will be $5,000 a year for 7 years. If the company can earn 12% on its investments, what is the present value of the cash flows generated by the project? Select one: a. $22,600. b. $22,820. c. $34,180 O d. $35,000
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