Questions 13 - 18 are all based on the following information, Reggie Redbird, the CEO of Plainfield Pruners, Inc. believes that the firm could create additional value by adding snippers to its product mix. Machinery used in producing the snippers would cost $7,990,000. According to Redbird's projections, the subsequent net cash flows the company would generate for the investors if it entered the snipper business would be $1,046,000 per year for 13 years. These are the only cash flows expected. The firm's annual weigh average cost of cap for a project of this type is 8.4%. QUESTION: What would the snipper project's NET PRESENT VALUE (NPV) be if the annual COST OF CAPITAL WERE ZERO PERCENT (0%) instead of 8.4%? O A. - $7,990,000.00 OB. 50 OC. $534,153.85 D. 55,608,000.00 O E. $8,088,512.70 Reset Selection