Question: please give a step by step process 8) A project will produce cash inflows of $5,400 a year for 3 years with a final cash
8) A project will produce cash inflows of $5,400 a year for 3 years with a final cash inflow of $2,400 in Year 4. The project's initial cost is $13,400. What is the net present value if the required rate of return is 14.2 percent? A) $311.02 B) $505.92 C) $165.11 D) $218.98 E) $668.02
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