A project requires a current investment of $64.39 and yields future expected cash flows of $29.27, $37.33,
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A project requires a current investment of $64.39 and yields future expected cash flows of $29.27, $37.33, $44.94, $51.76, and $42.49 in periods 1 through 5, respectively. All figures are in thousands of dollars. For these expected cash flows, the appropriate nominal discount rates are 7.4% in period 1, 7.2% in period 2, 7.0% in period 3, 7.7% in period 4, and 6.4% in period 5. What is the net present value of this project?
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