Question: Consider the project described in the table below. What is the project's net present value? Cost of Capital Rate 5% 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 5%

Time 0 1 2 3 4

Cash Flows ($5,000) $500 $1,000 $2,000 $3,000

Select one: a. $567 b. $550 c. $579 d. $614

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