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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 $ -34,000
1 15,000
2 15,001
3 13,000
What is the NPV of the project if the opportunity cost of capital is 24 percent? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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