Compute the NPV for the following project.

Compute the NPV for the following project. The initial cost is $5,000. The net cash flows are $1,900 for four years. The net salvage value is $1,000 when the project terminates. The cost of capital is 10%.
a. $1,705.76
b. $5,000.00
c. $6,705.76
d. none of these

Solution