Reed Enterprises Is Considering a Project That Has the Following $\begin{array}{lcccc}r & 10.00 \% \\\text { Year } & 0 & 1 & 2 & 3 \\ \text { Cash flows }& -\$ 1,050 & \$ 450 & \$ 460 & \$ 470\end{array}$

Reed 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 a project's expected NPV can be negative, in which case it will be rejected. $\begin{array}{lcccc}r & 10.00 \% \\\text { Year } & 0 & 1 & 2 & 3 \\ \text { Cash flows }& -\$ 1,050 & \$ 450 & \$ 460 & \$ 470\end{array}$

A) $92.37
B) $96.99
C) $101.84
D) $106.93
E) $112.28

Correct Answer:

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