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Calculate the NPV for the following project in Excel You may round to the nearest dollar. Cost of project - $100,000 Initial investment in net

Calculate the NPV for the following project in Excel

You may round to the nearest dollar.

Cost of project - $100,000

Initial investment in net working capital - $10,000 (recaptured in last year)

Sales revenue - $80,000 each year

Operating (cash) expenses 12,000 each year

Asset depreciated straight line to zero over 5 years.

At end of project, asset is sold for $20,000

Tax rate is 21%. Required rate of return is 25%.

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