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(CHAPTER 10) Your boss is considering a 5-year investment project. If the project is accepted, it would require an immediate spending of $767 to buy

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(CHAPTER 10) Your boss is considering a 5-year investment project. If the project is accepted, it would require an immediate spending of $767 to buy all necessary production equipment. This equipment would be sold at the end of the project and bring your company estimated $109 in sale proceeds after taxes (or after-tax salvage value). The team recommends immediately setting aside $58 in cash to cover any unforeseen expenses. Your boss's consulting team also estimated that the annual after-tax profits (or operating cash flows) would equal $160. The required annual rate of return is 10.7%. What is the Net Present Value of this proposed investment project? If your answer is negative, don't forget the minus sign! Do NOT use "$" in your answer. Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher. Only round your final answer to TWO decimal places. For example, 1,000.23 or -1,000.23

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