Holiday Express is considering a 5-year project with an initial cost of $87,000. The project will produce cash inflows of $24,800 a year over the life of the project . What is the net present value if the required rate of return is 14.2 percent?,a. -$12,407.16 ,b. -$ 2,267.25 ,c. $28,874.31 ,d. $37,000.00
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