Which is the correct answer? Use the following table for this question Present value of an Annuity of $1 Periods 8% 9% 10% 1 .926 .917 .909 2 1.783 1.759 1.736 3 2.577 2.531 2.487 A company has a...

Which is the correct answer?

Use the following table for this question

Present value of an Annuity of $1

Periods             8%               9%             10%

1                       .926            .917              .909

2                     1.783          1.759             1.736

3                     2.577         2.531             2.487

A company has a minimum required rate of return of 9% and is considering investing in a project which costs $25,000 and is expected to generate cash inflows of $10,000 at the end of each year for three years. The net presentvalue of this project is:

a.  $25,310

b.  $15,000

c.  $9,170

d.  $5,310