### Accounting Multiple Choice

1.) Cannon Company is considering a capital project that will return $100,000 each year for five years. At the company's hurdle rate of 10%, the present value of the annuity is $379,100. If the return on investment in the first year is $37,910, what is the return of investment that year? (a) $137,910 (b) $100,000 (c) $62,09