A company has a minimum required rate of return of
10% and is considering investing in a project that
requires an investment of $21,000 and is expected to
generate cash inflows of $9,000 at the end of each
year for 3 years. The present value of future cash
inflows for this project is:
Select one:
? a. $1,383.
? b. $21,000
? c. $24,621
? d. $22,383