Byerly Corporation has provided the following data concerning an investment project that it is considering: Initial investment$670,000 Working capital$61,000 Annual cash flow $227,000per yearSalvage value at the end of the project$20,000 Expected life of the project 3yearsDiscount rate 10%Refer to Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided.The working capital would be released for use elsewhere at the end of the project. The net present value of the project is closest to:
A. $(105,847)
B. $(44,847)
C. $(151,658)
D. $11,000
Answer: A
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