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Carnavale, Inc. is evaluating the purchase of a new cruise ship. The ship would cost $285,000,000 today (i.e., year 0), and it would have an

Carnavale, Inc. is evaluating the purchase of a new cruise ship. The ship would cost $285,000,000 today (i.e., year 0), and it would have an operating life going from year 1 to year 35. Carnavale expects annual cash flows to be $49,000,000 every year over the ship's operating life. The company's cost of capital is 11% p.a. Find the NPV of the ship purchase to the nearest dollar.

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