A firm is evaluating a project with an initial cost of $ 806,093 and annual cash inflows of $210,937 per year (first cash flow
A firm is evaluating a project with an initial cost of $ 806,093 and annual cash inflows of $210,937 per year (first cash flow to be received exactly one year from today) for each of the next 5 years. If the cost of capital for this project is 14 %, what is this project's NPV? Round your answer to 2 decimal places and record without a dollar sign and without any commas. If your answer is a negative value, enter a minus sign before your number with no space between the sign and the number.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started