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A software developer is planning to develop new software for over two years. This requires a per year cost of $830,000. One payment is made
A software developer is planning to develop new software for over two years. This requires a per year cost of $830,000. One payment is made immediately while the second payment is to be made at the end of two years. Upon the release of the software, it is estimated that it will generate an annual cash flow of $1.20 million for three years. Given the cost of capital of 10 percent, calculate the NPV of this project.
Select one:
$950,349
$1,045,384
$1,520,559
$1,805,663
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