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A project your firm is considering requires an investment today of $51,000 and is forecasted to generate cash flows at years 1 through 14 (payments
A project your firm is considering requires an investment today of $51,000 and is forecasted to generate cash flows at years 1 through 14 (payments at t=1 through t=14) of $15,700 and a cash flow at year 15 (at t=15) of -60,500. Please take note that the cash flow at t=15 is negative. If the appropriate discount rate for capital budgeting purposes is 12.5% per year, what is the NPV? Enter answer accurate and rounded to the nearest dollar.
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