Question: A project has the given Cash Flows (see table). Present Value Initial Outlay Net Cash Flow 40,000 Net Present Value -40,000 12,000 12,000 12,000 12,000

A project has the given Cash Flows (see table).

A project has the given Cash Flows (see table). Present Value Initial Outlay Net Cash Flow 40,000 Net Present Value -40,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 Determine the Present Value and Net Present Value for each listed year then select the first year during which the project yields a positive NPV. Choose your answer from A to E. Assume a discount rate of 15%. Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 3 Year 5 Year 4 Year 7 Year 6

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