Question: Question 13: (1 Point) A project is expected to produce cash inflows of $8,000 for each of the next four years. What is the approximate

 Question 13: (1 Point) A project is expected to produce cash

Question 13: (1 Point) A project is expected to produce cash inflows of $8,000 for each of the next four years. What is the approximate maximum amount that can be spent on costs to initiate this project and still consider the project as acceptable using the NPV rule, given a 5% discount rate? 0 O 0 O 0 $16,000 $20,604 $28,368 $30,476 $32,000

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