Determine the net present value of a project that need a net investment of $76,000 and create net cash flows of $22,000 every year for seven years? Assuming the cost of capital is 15 percent. (Present value (PV) of inflows less Net Investment (NINV)
The four answers to choose from are the following:
a. $91,520
b. $15,520
c. $78,000
d. $167,474