A FOREIGN PROJECT HAS AN INITIAL INVESTMENT OF $1,400. ITS NET CA...

282. A foreign project has an initial investment of $1,400. Its net cash flows are expected to be $900, $1,000, and $1,400 for each of the next three years. The certainty equivalent coefficients of the project are 0.75, 0.55, and 0.35 for each of the next three years. With a 6-percent riskless rate of return, determine the certain net present value of the project. a. About $138 b. About $458 c. About $1,508 d. About $2,508 e. About $2,408