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A project your firm is considering requires an investment today of $56,000 and is forecasted to generate cash flows at years 1 through 14 (payments
A project your firm is considering requires an investment today of $56,000 and is forecasted to generate cash flows at years 1 through 14 (payments at t = 1 through t = 14) of $15,100 and a cash flow at year 15 (at t = 15) of -$60,800. 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 your answer accurate and rounded to the nearest dollar (i.e., the nearest integer).
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