Approximately How Much Was Paid to Invest in a Project

question 74

Multiple Choice

Approximately how much was paid to invest in a project that has an economic break-even level of sales of $5 million,cash flows determined by .1 * sales - $300,000,a 6-year life,and an 8% discount rate?

• A) $416,667
• B) $924,575
• C) $1,016,678
• D) $2,311,450