单选题 A firm is reviewing an investment opportunity that requires an initial cash outlay of $336, 875 and promises to return the following irregular payments: Year 1 : $100000 Year 2 : $82000 Year 3 : $76000 Year 4 : $111000 Year 5 : $142000 If the required rate of return for the firm is 8 percent, what is the net present value of the investment?
【正确答案】 C
【答案解析】
In order to determine the net present value of the investment, given the required rate of return, we can discount each cash flow to its present value, sum the present value, and subtract the required investment.
Year
Cash Flow
PV of Cash flow at 8%
0
-336875.00
-336875.00
1
100000.00
92592.59
2
82000.00
70301.78
3
76000.00
60331.25
4
111000.00
81588.31
5
142000. O0
96642.81
Net Present Value
64581.74