Respass Corporation has provided the following data concerning an investment project that it is considering: Initial investment$160,000 Annual cash flow $54,000per yearSalvage value at the end of the project$11,000 Expected life of the project 4yearsDiscount rate 15%See separate Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using the tables provided.The net present value of the project is closest to:
A. $(5,776)
B. $160,516
C. $67,000
D. $516
Answer: D
Business
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