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A company can purchase a piece of equipment for $3,480. The equipment has a three-year life and will produce cash inflows of $1,100 in each

A company can purchase a piece of equipment for $3,480. The equipment has a three-year life and will produce cash inflows of $1,100 in each of the first and second years and $2,560 in the third year. Assuming a required return of 13.50%, what is the project's NPV today?A company can purchase a piece of equipment for $3,480. The equipment has a three-year life and will produce cash inflows of $1,100 in each of the first and second years and $2,560 in the third year. Assuming a required return of 13.50%, what is the project's NPV today?

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