Question: Boulderado has come up with a new composite snowboard. Development will take Boulderado four years and cost $250,000 peryear, with the first of the four

Boulderado has come up with a new composite snowboard. Development will take Boulderado four years and cost $250,000 peryear, with the first of the four equal investments payable today upon acceptance of the project. Once in production the snowboard is expected to produce annual cash flows of $200,000 each year for 10 years. Boulderado's discount rate is 10%.

The NPV for Boulderado's snowboard project is closest to:

A. $23,800

B.$46,900

C. $51,600

D. $228,900

Can you explain how to do this on a finance calculator

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