Approximately how much was paid to invest in a project that has an NPV break-even level of sales of $5 million, cash flows determined by: .1 × sales - $300,000, a six-year life, and an 8 percent discount rate?

A) $2,311,450
B) $416,667
C) $1,016,678
D) $924,576

Ans: D) $924,576

Business

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