Scott Enterprises Is Considering a Project That Has the Following $\begin{array}{lccc}r& 11.00\%\\\text { Year: } &0& 1 & 2 & 3&4 \\ \text { Cash flows } & -\$ 1000 & \$ 350 & \$ 350& \$ 350& \$ 350\end{array}$

Scott Enterprises is considering a project that has the following cash flow and cost of capital (r) data. What is the project's NPV? Note that if a project's expected NPV is negative, it should be rejected. $\begin{array}{lccc}r& 11.00\%\\\text { Year: } &0& 1 & 2 & 3&4 \\ \text { Cash flows } & -\$ 1000 & \$ 350 & \$ 350& \$ 350& \$ 350\end{array}$

A) $77.49
B) $81.56
C) $85.86
D) $90.15
E) $94.66

Correct Answer:

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