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6 6 Tax rates could change over the life of a project. B 9 11 12 Question 11 (4.5 points) You are offered an investment

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6 6 Tax rates could change over the life of a project. B 9 11 12 Question 11 (4.5 points) You are offered an investment with returns of $ 1,656 in year 1. $ 3,009 in year 2, and $ 5,232 in year 3. The investment will cost you $ 7.709 today. If the appropriate Cost of Capital (quoted interest rate) is 12,4 %, what is the Net present Value of the investment? Enter your answer to the nearest $.01. Do not use the $ sign or commas in your answer. If the NPV is negative, use the sign. Your Answer: 14 15 17 18

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