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Brown Grocery is considering a project that has an up-front costof $X. The project will generate a positive cash flow of $75,000 ayear. Assume that

Brown Grocery is considering a project that has an up-front costof $X. The project will generate a positive cash flow of $75,000 ayear. Assume that these cash flows are paid at the end of each yearand that the project will last for 20 years. The project has a 10percent cost of capital and a 12 percent internal rate of return(IRR). What is the project's net present value (NPV)?

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