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Carnavale, Inc. is evaluating the purchase of a new cruise ship. The ship would cost $280 million today, but would operate for 31 years. Carnavale

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Carnavale, Inc. is evaluating the purchase of a new cruise ship. The ship would cost $280 million today, but would operate for 31 years. Carnavale expects annual cash flows from operating the ship to be $41 million (the first of those operating cash flows would be received one year from today). The company's cost of capital is 13%. Find the NPV of the ship purchase to the nearest dollar. Thus, if you believe the NPV is $12,345,678.90 then write your answer as 12345679 (Acceptable error = $50,000)

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