(Answered) A project costing 6200 initially should produce cash

Finance

A project costing $6,200 initially should produce cash inflows of $2,860 a year for three years. After the three years, the project will be shut down and will be sold at the end of Year 4 for an estimated net cash amount of $3,300. What is the net present value of this project if the required rate of return is 11.3 percent?

a) $2,903.19

b) $3,011.40

c) $1,980.02

d) $2,474.76

e) $935.56

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