Question: Apricot, Inc is considering developing a new app for it's A-phone Z. The app would cost $310,000 to develop and is expected to produce cash

  • Apricot, Inc is considering developing a new app for it's A-phone Z. The app would cost $310,000 to develop and is expected to produce cash flows of $80,000 per year for the first three years, then $60,000, $50,000, and $40,000 each of the last three years respectively. If their required return is 18%, should they develop the new app?A.Yes
  • B.No
  • C.Not enough information

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