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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

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

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CH030510_502494_ACC.doc

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....

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