A project your firm is considering requires an investment today of $58,000 and isforecastedto generate cash flows at years 1 through 14 (payments at t = 1 through t = 14) of $15,300 and a cash flow at year 15 (at t = 15) of -$60,400. Please take note that the cash flow at t = 15 is negative. If theappropriate discount rate for capital budgeting purposes is 12.5% per year,what is the NPV? Enter your answer accurate and rounded to the nearest dollar (i.e., the nearest integer).

Answer rating: 100% (QA)

To calculate the net present value NPV of the project we need to discount the cash flows ... View the full answer