Anderson International Limited is evaluating a project in Erewhon. The project will create the following cash flows: Year Cash Flow 0 −$ 1,200,000; 1- 375,000; 2-440,000; 3-335,000; 4-290,000
What is the net present value (NPV) of the project if the discount rate is 8%?
a) $22,022.73
b) $23,057.85
c) $25,863.64
d) $28,071.43