Question: A project will last 7 years and generate $1,000 per year for the firm. The firm has a cost of capital of 13%. What is

A project will last 7 years and generate $1,000 per year

A project will last 7 years and generate $1,000 per year for the firm. The firm has a cost of capital of 13%. What is the most that the firm can invest today (cash flow year 0) for the firm to be accepted? (round to the nearest dollar) $3,764 $6,221 $4,487 $4,772 $4,423

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