A proposed overseas expansion has the following cash flows:

Year Cash Flows (in dollars)

0 -$200

1 $70

2 $80

3 $120

Please calculate the Net Present Value (NPV) of this project at a required return of 20%. Assume that today is Year 0.

In other words, you will invest $200 today (therefore the reason for the -$200 in Year 0), to get cash inflows of $70 one year from today, $80 two years from today, and $120 three years from today. What is the Net Present Value?