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Annas Market is considering a project with an initial cost of $176,500. The project will not produce any cash flows for the first three years.

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Annas Market is considering a project with an initial cost of $176,500. The project will not produce any cash flows for the first three years. Starting in Year 4, the project will produce cash inflows of $127,500 a year for three years. This project is risky, so the firm has assigned it a discount rate of 17 percent. What is the project's net present value? Please draw your own conclusion on whether you would approve this project. Use a financial calculator, web-based online calculator, or EXCEL for calculation

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