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6. Sports & Moreis considering the development of an e-commerce business. The company estimates that development will require an initial outlay of $350,000. Other cash

6. Sports & Moreis considering the development of an e-commerce business. The company estimates that development will require an initial outlay of $350,000. Other cash flows are estimated as follows: Year 1: ($60,000) Year 2: $140,000 Year 3: $210,000 Year 4: $130,000 Assuming the company limits its analysis to four years due to economic uncertainties, determine the net present value of the e-commerce business. Should the company develop the e-commerce business if the required rate of return is 6 percent?

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