Question: ABS Ltd starts a new project that has a initial investment of $1,000,000, The estimated life of the project is 5 years. The market rate

ABS Ltd starts a new project that has a initial investment of $1,000,000, The estimated life of the project is 5 years. The market rate of return is 9%. Year Annual Profits 1 $100,000 2 $200,000 3 $360,000 4 $480,000 5 $510,000

What is the NPV of this project?

Question 2 options:

$190,000
-$150,000
$150,000
-$190,000

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