What is the net present value of the? investment

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Gamma Corporation is considering an investment of? $518,000 in a land development project. The investment will yield cash inflows of? $220,000 per year for five years. The company uses a discount rate of? 9%. What is the net present value of the? investment? Present value of an ordinary annuity of? $1: ?8% ?9% ?10% 1 0.926 0.917 0.909 2 1.783 1.759 1.736 3 2.577 2.531 2.487 4 3.312 3.24 3.17 5 3.993 3.89 3.791

A. ?$341,880 B. ?$220,000 C. ?$337,800 D. ?$238,280.

Reference no: EM131267713

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