試題詳解

5. Andrew is working on a bid for a contract. Thus far, he has determined that he will need S197,000 for fixed assets and another $62,000 for net working capital at Time 0. He has also determined that he can recover $79,900 aftertax for the combined fixed assets and net working capital at the end of the 3-year project. What operating cash flow will be required each year for the project to return 14 percent in nominal terms?
(A) $88,330
(B)$97.489
(C)$110,248
(D)$128,330
(E) $113.069