How to solve this problem?

vitalstrike82vitalstrike82 Posts: 4Registered Users ■□□□□□□□□□
Hi all,

does any one knows how to solve this problem as shown below? Thanks

Project XYZ promise to be worth $587,000 in three years. Assuming that the rate of return is currently six percent, what is the minimum amount of funds that Project XYZ may cost and still be initiated if the organisation wants to earn at least $75,000 on the project?

A) $492,863
B) This answer depends on the cost of project resources
C) $417,863
D) $512,000


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