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A project requires an initial investment today of $100,928.00. The project will last three years. However, the company believes that the risk involved with the

A project requires an initial investment today of $100,928.00. 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 -$100,928.00 $50,064.00 $48,812.00 $45,076.00
Discount rate 9.00% 13.00% 19.00%

What is the NPV of this project?

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