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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: Year 0 1

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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: Year 0 1 2 3 Cash Flows 3497 1949 1663 1572 What is the NPV for the project if the required return is 11 percent? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)

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