Byerly corporation has provided the following data concerning an investment project that it is considering: initial investment working capital annual cash flow salvage value at the end of the project expected life of the project discount rate $670,000 61,000 227,000 per year 20,000 years 10% click here to view exhibit 138-1 and exhilbit 13b-2, to determine the appropriate discount factor(s) using the tables provided the working capital would be released for use elsewhere at the end of the project. the net present value of the project is closest to: a. $(151,658) b. $(105,847) c. $11,000 d. $(44,847)

Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.