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A five-year project has a projected net cash flow of $22,000 in year 1,$29,000 in year 2,$24,000 in year 3,$17,000 in year 4 , and
A five-year project has a projected net cash flow of $22,000 in year 1,$29,000 in year 2,$24,000 in year 3,$17,000 in year 4 , and $18,000 in year 5 . It will cost $50,000 to implement the project. If the required rate of return is 38 percent, conduct a discounted cash flow calculation to determine the NPV. (Round your answer to nearest dollar amount. Negative amount should be indicated by a minus sign.)
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