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A company is considering a project that will last for 4 years with no residual value. The project has the following cash flows and details:

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A company is considering a project that will last for 4 years with no residual value. The project has the following cash flows and details: Period 0: Cash flow = -$165,000 (Cost of project) Period 1: Cash flow = $85,000, Net Income = $47,500 Period 2: Cash flow = $66,000, Net Income = $28,500 Period 3: Cash flow = $50,000, Net Income = $12,500 Period 4: Cash flow = $50,000, Net Income = $12,500 Average Book Value = $75,000 The required annual return on projects of this risk is 8%. (Round to the nearest dollar and do NOT use commas in your response) What is the net present value of the project? NPV = $

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