Question: A project will cost $20,000 and is expected to return $22,000 next year. Your marginal tax rate is 30%. One year taxable bonds thag have

A project will cost $20,000 and is expected to return $22,000 next year. Your marginal tax rate is 30%. One year taxable bonds thag have similar risk to the project are yielding 9%. Similar-risk municipal bonds are yielding 6%. What is the NPV on this project?

A) $189

B) - $367

C) $183

D) $132

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