Question: Niendorf Inc. is considering Project S whose future expected cash flows are shown below. However, the up - front cost of the project ( X

Niendorf Inc. is considering Project S whose future expected cash flows are shown below. However, the up-front cost of the project (X) is not given. You are told that the project has a WACC of 8% and that the projects NPV is zero. Based on this information, what is the up-front cost of the project, i.e., what is X?
WACC =8%
Year: 01234
CFS: X $500 $730 $300 $ 40
a.-$1,000.00
b.-$1,126.55
c.-$1,266.50
d.-$1,356.37
e.-$1,380.31

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