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A project will produce an operating cash flow of $24,600 a year for 5 years. The initial fixed asset investment in the project will be
A project will produce an operating cash flow of $24,600 a year for 5 years. The initial fixed asset investment in the project will be $58,900. The net aftertax salvage value is estimated at $11,000 and will be received during the last year of the project's life. There project will have no impact on working capital. What is the net present value of the project if the required rate of return is 12 percent? Group of answer choices $34,627.54 $39,070.26 $36,019.19 $35,217.83
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