Moates Corporation has provided the following data concerning an investment project that it is considering: $ 310,000 $ 137,000 per year 4 years 11% Initial investment Annual cash flow Expected life of the project Discount rate Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using the tables provided. The net present value of the project is closest to: (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Multiple Choice $310.000 $115,111 $(173,000) S(115,111)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Moates Corporation has provided the following data concerning an investment project that it is considering:
$ 310,000
$ 137,000 per year
Initial investment
Annual cash flow
Expected life of the project
4 years
Discount rate
11%
Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using the tables provided.
The net present value of the project is closest to: (Round your intermediate calculations and final answer to the nearest whole dollar amount.)
Multiple Choice
$310,000
$115,111
$(173,000)
$(115,111)
Transcribed Image Text:Moates Corporation has provided the following data concerning an investment project that it is considering: $ 310,000 $ 137,000 per year Initial investment Annual cash flow Expected life of the project 4 years Discount rate 11% Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using the tables provided. The net present value of the project is closest to: (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Multiple Choice $310,000 $115,111 $(173,000) $(115,111)
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