Use the Following Table $\text { Present Value of an Annuity of } 1$

question 27

Multiple Choice

Use the following table, $\text { Present Value of an Annuity of } 1$
$\begin{array}{lrrr}\text { Period } & 8 \% & 9 \% & 10 \%\\1 & .926 & .917 & .909 \\2 & 1.783 & 1.759 & 1.736 \\3 & 2.577 & 2.531 & 2.487\end{array}$ A company has a minimum required rate of return of 9%. It is considering investing in a project which costs $350,000 and is expected to generate cash inflows of $140,000 at the end of each year for three years. The net present value of this project is

• A)$354,340.
• B)$70,000.
• C)$35,436.
• D)$4,340.

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Definitions:

States

Within a context of psychology, states refer to temporary conditions of an individual, such as emotions or consciousness. In geography, states refer to territories with a centralized government.

Single By Choice

The state of choosing to remain unmarried and/or without a romantic partner out of personal preference rather than external circumstances.

Describe Themselves

This refers to the process by which individuals articulate or express their own attributes, characteristics, and feelings verbally or through other means of communication.

Attributes

Characteristics or qualities that describe an object, person, or phenomenon.