Question: The portfolio steering committee is considering selecting Project B . The committee expects the project will produce a one - time benefit of $ 1

The portfolio steering committee is considering selecting Project B. The committee expects the project will produce a one-time benefit of $160,000 five years from now. The interest rate at a local bank is 8.25% per year. How much would need to be invested in the bank now to obtain the same benefit?a)8.5% b) $100,9144:c) $107,6425:d) $224,338e) $222,962

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