Captstone Investments is considering a project that will produce cash inflows of 11,000 at the end of Year 1, 24,000 in Year 2, and 36,000 in Year 3. What is the present value of these cash inflows at a discount rate of 12%?
a. 41,997.60
b. 46,564.28
c. 54.578.17
d. 54,868.15
e. 63,494.54
Ans: c. 54.578.17
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