Calculate the present value of a project using the information below:
Year
0
1
2
3
Cash flow
($)
-15,000.00
5,000.00
6,000.00
7,000.00
8,000.00
9,000.00
4
5
Cost of capital is 15%.
a. $20,000.00
b. $35,000.00
c. $22.535.92
d. $7,535.92
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