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A project will have an initial cost of $6,400, and will produce cash flows of $2,750, each year for 3 years. The project will be
A project will have an initial cost of $6,400, and will produce cash flows of $2,750, each year for 3 years. The project will be shut down and the remaining assets will be sold at the end of year 4 for $2,800. Assume the sale proceeds are after tax. What is the net present value of this project if the required rate of return is 15.5%? (Round your answer to the nearest whole dollar.)
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