High School
CNP, Inc. is considering a project that will produce cash inflows of $12,000 in year one, $27,600 in year two, and $48,100 in year three. What is the present value of these cash inflows if the company assigns the project a discount rate of 10.5 percent?a. $69,113.58b. $64,999.91c. $76,370.51d. $58,372.13e. $71,824.90