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5 pts Question 18 You are considering buying a new truck for your small business. The cash outlay (i.e., cost) of the truck is $48700.
5 pts Question 18 You are considering buying a new truck for your small business. The cash outlay (i.e., cost) of the truck is $48700. Your firm's cost of capital is 9.3%. If you buy the truck, after-tax cash flows, including depreciation would be as follows: Year 1 Cash flows $9500 2 3 4 5 $17000 $17000 $17000 Calculate the NPV of the project. (Provide your answer as a number with two decimal places.)
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