Use the Following Table for Questions 109-111 $\text { Present Value of an Annuity of } 1$

question 139

Multiple Choice

Use the following table for questions 109-111. $\text { Present Value of an Annuity of } 1$
$\begin{array}{rrrr}\text { Periods } & 8 \% & 9 \% & 10\%\\1 & .926 & .917 & .909 \\2 & 1.783 & 1.759 & 1.736 \\3 & 2.577 & 2.531 & 2.487\end{array}$
-A company has a minimum required rate of return of 9%. It is considering investing in a project that costs $210,000 and is expected to generate cash inflows of $84,000 at the end of each year for three years. The net present value of this project is

• A) $212,604.
• B) $42,000.
• C) $21,261.
• D) $2,604.

---

Definitions:

Absolute Right

a legal right that is unconditional and not subject to limitations or restrictions.

Assign The Right

The act of transferring one's legal rights or responsibilities to another party.

Fair Housing Act

A landmark U.S. law enacted in 1968 to prevent discrimination in the sale, rental, and financing of housing based on race, religion, national origin, sex, (and as amended) disability and family status.

Reasonable Accommodation

Modification or adjustment to a job, work environment, or the way things are usually done during the hiring process, aimed at enabling a person with a disability to enjoy equal employment opportunities.