What is the initial cost of the project

Reference no: EM13280219

A project produces cash inflows of $8,300 a year for 4 years. The PI is 1.08 at a discount rate of 12.5 percent. What is the initial cost of the project?

A. $23,099
B. $25,407
C. $27,109
D. $30,741

Reference no: EM13280219

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