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A firm evaluates all of its projects by applying the NPV decision rule. A project under consideration has the following cash flows: Time (years) Cash
A firm evaluates all of its projects by applying the NPV decision rule. A project under consideration has the following cash flows:
Time (years) Cash Flow 0 -24,000 1 15,000 2 -4,859 2.8 25,000
What is the NPV of the project if the opportunity cost of capital is 11 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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