Kizspy | Question: 12 (Choose 1 answer)
BMS is adding to its existing buildings at a cost of $ 1.5 million. The gallery expects to bring in additional cash flows of $720,000, $780,000, and $1,000,000 over the next three years. Given a required rate of return of 8 percent, what is the NPV of this project? (Do not round intermediate computations. Round final answer to nearest dollar.)
A. $1,802,554
B. $629,223
C. -$1,802,554
D. -$197,446
