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A project that requires an initial outlay of $ 5 4 , 2 0 0 is being considered. This project has an expected life of

A project that requires an initial outlay of $54,200 is being considered. This project has an expected life of five years and will generate a total of $20,608 in cash flows after contribution at the end of each year for its five years of life. In addition to the $20,608 of operating cash flows during the fifth and last year, there will be an additional cash flow of $13,200 at the end of the fifth year associated with the residual value of a machine, causing an increase in cash flow in the fifth year equal to $33,808. The cash flows associated with this project are as follows: | table//Years, Cash Flows),/0,- $54,200

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