Question $13(2\mathrm{.}25$ points$)$

Wiley Enterprises is considering a project that has initial investment of $$1920.$ It produces cash inflow of $$450$ at the end of first year. This cash flow grows at $12\%$ for years $2$ through $5.$ What is the project's NPV if company is expecting its WACC to be $10\%?$

$$220\mathrm{.}45$

$$201\mathrm{.}20$

$$183\mathrm{.}93$

Answer is meaningless since WACC is less than the growth rate of cash flows

$$113\mathrm{.}45$