If the appropriate discount rate for this project is 13%, then the net present value (NPV) is closest to ________

Consider a project with the following cash flows:

Year Cash Flow
0 -12,000
1 3000
2 3000
3 3000
4 3000

A) $24,000
B) -$1846
C) -$3077
D) -$2154

Answer: C

Business

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