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1. Problem 12-01 (NPV) E eBook NPV A project has an initial cost of $55,650, expected net cash inflows of $15,000 per year for 10

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1. Problem 12-01 (NPV) E eBook NPV A project has an initial cost of $55,650, expected net cash inflows of $15,000 per year for 10 years, and a cost of capital of 11%. What is the project's NPV? (Hint: Begin by constructing a time line.) Do not round intermediate calculations. Round your answer to the nearest cent. $

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