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Aerospace Dynamics will invest $198,000 in a project that will produce the following cash flows. The cost of capital is 9 percent. (Note that the

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Aerospace Dynamics will invest $198,000 in a project that will produce the following cash flows. The cost of capital is 9 percent. (Note that the fourth year's cash flow is negative.) Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods. Year 1 2 3 4 Cash Flow $ 48,000 60,000 54,000 (51,000) 155,000 a. What is the net present value of the project? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places.) Net present value

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