Question: Consider the project described in the table below. What is the project's net present value? Cost of Capital Rate 4% Time 0 1 2 3

Consider the project described in the table below. What is the project's net present value?

Cost of Capital Rate

4%

Time

0

1

2

3

4

Cash Flows

($3,500)

$1,000

$1,500

$1,000

$500

Select one:

a.

$163

b.

$148

c.

$155

d.

$165

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