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As the director of capital budgeting for Denver Corporation, you areevaluating two mutually exclusive projects with the follo ShannonIndustries is considering a project which has

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As the director of capital budgeting for Denver Corporation, you areevaluating two mutually exclusive projects with the follo ShannonIndustries is considering a project which has the following cash flows: Year Cash Flow 0 ? 1 $2,000 2 3,000 3 3,000 4 1,500 Theproject has a payback period of 2.5 years. The firm's cost of capital is 12 percent.What is the project's net present value NPV

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