An Investor Is Considering a Project That Will Generate $900,000

question 68

Multiple Choice

An investor is considering a project that will generate $900,000 per year for four years. In addition to upfront costs, at the completion of the project at the end of the fifth year there will be shut-down costs of $400,000. If the cost of capital is 4.4%, based on the MIRR, at what upfront costs does this project cease to be worthwhile?

• A) $2.62 million
• B) $2.91 million
• C) $3.21 million
• D) $3.50 million

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