Puello Corporation has provided the following data concerning an investment project that it is considering: Initial investment$480,000 Annual cash flow $145,000per yearRefer to Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided.The life of the project is 4 years. The company's discount rate is 8%. The net present value of the project is closest to:
A. $480,000
B. $100,000
C. $240
D. $480,240
Answer: C
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