A project with an initial cost of $314,000 will generate no returns in the first two years of operations and operating cash flows of $150,000 per year in Years 3, 4, and 5. If the required rate of return is 7%, what is the net present value of the project? (Select the closest answer.) Group of answer choices 

1. $29,830 
2. $343,830 
3. $61,900 
4. $393,645

Answer rating: 100% (QA)

Initial cost 314000 Operating Cash flow 150000 So According to the question the equ... View the full answer