XYZ Company has conducted market research for $50,000 to determine the feasibility of a new product launch. The assets required for the new product introduction require an investment of $100,000, and based on the market research, it is expected to yield the following returns:
Year one
$90,000
Year two
$80,000
Year three
$70,000
If the WACC is 12%, the NPV of the project will be:
Select one:
a. $43,957
b. $53,600
c. $93,957
d. $103,600