Present Value of an Annuity of 1 Periods 8% 9% 10% 1 0.926 0.917 0.909 2 1.783 1.759 1.736 3 2.577 2.531 2.

Present Value of an Annuity of 1

Periods   8%     9%     10%

1        0.926    0.917   0.909

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%. It is considering investing in a project that costs $174000 and is expected to generate cash inflows of $71000 at the end of each year for three years. The net present value of this project is