Question: What is the net present value of a replacement project whose cash flows are -$732,000; $598,000; $747,000; and $122,000 for years 0 through 3, respectively?

What is the net present value of a replacement project whose cash flows are -$732,000; $598,000; $747,000; and $122,000 for years 0 through 3, respectively? The firm has decided to assume that the appropriate cost of capital is 12.2% p.a. (round to the nearest dollar)

a.$480733

b.$1944733

c.$348867

d. $553126

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