Delta Force has the opportunity to invest in a project that will pay back $3.578 million at the end of each year for the next 7 years, beginning one year from now. The initial investment required today is $8.532 million. If the project's required rate of return is 9.7%, what is the net present value? Answer a. $170.247 million b. $9.061 million c. $145.897 million d. $8.532 million

Delta Force has the opportunity to invest in a project that will pay back $3.578 million at the end of each year for the next 7 years, beginning one year from now. The initial investment required today is $8.532 million. If the project's required rate of return is 9.7%, what is the net present value?
Answer
a. $170.247 million
b. $9.061 million
c. $145.897 million
d. $8.532 million

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