Question: A project will require an initial outlay of $2000 and will result in a cash inflow of $2500 in 3 years' time. These are the
A project will require an initial outlay of $2000 and will result in a cash inflow of $2500 in 3 years' time. These are the only cash flows from the project. If the cost of capital is 4%, what is the NPV of the project?
a.$214
b.$222
c.$404
d.$203
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