Kern Co, is planning to invest in a two-year project that isexpected to yield cash flows from operations, net of income taxes,of P50,000 in the first year and P80,000 in the second year....

Kern Co, is planning to invest in a two-year project that is expected to yield cash flows from operations, net of income taxes, of P50,000 in the first year and P80,000 in the second year. Kern requires an internal rate of return of 15%. The maximum that Kern should invest immediately is (Round off your factors into three decimal places) P103.980 P81.670 P130.000 P163,340