### New project: if the required return is 12%, what is the NPV?

10. A project has an initial investment of $25,000, with $6,500 annual inflows for each of the subsequent 5 years. If the required return is 12%, what is the NPV? a. -$6,500.00 b. -$2,447.02 c. -$1,568.95 d. $ 215.46 e. $1,763.81