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A project requires an initial investment today of $100,700.00. The project will last three years. However, the company believes that the risk involved with the

A project requires an initial investment today of $100,700.00. The project will last three years. However, the company believes that the risk involved with the project will increase over its life, so they would like a greater return for later cash flows. The table below shows the projected cash flows and the discount rates required for the project. Year 0 1 2 3 Cash flow -$100,700.00 $51,172.00 $47,213.00 $52,982.00 Discount rate 9.00% 13.00% 17.00% 2 decimals

What is the NPV of this project?

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