Question: The Watts Inc. is considering a project that requires an initial investment of $1.8 million. The project will provide a $0 annual cash inflow for

The Watts Inc. is considering a project that requires an initial

The Watts Inc. is considering a project that requires an initial investment of $1.8 million. The project will provide a $0 annual cash inflow for Year 1 through Year 5 and then $900,000 per year for the subsequent five years. What is the project's net present value if the firm's required rate of return is 9.0%? Multiple Choice $620,320 $560.750 $515,221 $686.813 $475,206

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