What Is the Net Present Value of a Project That $$\begin{array} { c l } \text { Year } & \text { Cash Inflows } \\\hline 1 & \$ 4,375 \\2 & \$ \quad 0 \\3 & \$ 8,750 \\4 & \$ 4,100\end{array}$$

question 22

Multiple Choice

What is the net present value of a project that has an initial cash outflow of $12,670 and the following cash inflows? The required return is 11.5%. $$\begin{array} { c l } \text { Year } & \text { Cash Inflows } \\\hline 1 & \$ 4,375 \\2 & \$ \quad 0 \\3 & \$ 8,750 \\4 & \$ 4,100\end{array}$$

• A)$218.68
• B)$370.16
• C)$768.20
• D)$1,249.65
• E)$1,371.02

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Definitions:

Charleston

A historic city in South Carolina, known for its well-preserved architecture, rich history, and pivotal role in both the American Civil War and the early slave trade.

Shared Religion

Describes a common religious belief or practice among a group of people, which can serve as a source of unity or division.

Christianity

Christianity is a monotheistic religion based on the life and teachings of Jesus Christ, with its followers known as Christians.

Slave Values

The worth or economic value placed on enslaved individuals in the antebellum South, treated as property for buying, selling, and trading.