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4 You are provided with the following information about a 4-year project: Year 0 1 2 3 Nominal Cashflows ($) -50,000 14,000 18,000 21,000 24,000

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4 You are provided with the following information about a 4-year project: Year 0 1 2 3 Nominal Cashflows ($) -50,000 14,000 18,000 21,000 24,000 The real discount rate for the project is estimated to be 12 percent and the inflation rate is expected to be 4 percent a year. Should you invest in this project

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