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Aerospace Dynamics will invest $ 1 2 5 , 0 0 0 in a project that will produce the following cash flows. The cost of

Aerospace Dynamics will invest $125,000 in a project that will produce the following cash flows. The cost of capital is 11 percent. (Note that the fourth years cash flow is negative.) Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods.
Year Cash Flow
1 $ 41,000
250,000
343,000
4(50,000)
592,000
What is the net present value of the project?
Note: Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places.

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