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Consider a project with the following cash flows: Year t=0 t-1 t-2 t3 ??? $7,500 $12,500 $15,000 $17,500 The Payback Period of this project is

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Consider a project with the following cash flows: Year t=0 t-1 t-2 t3 ??? $7,500 $12,500 $15,000 $17,500 The Payback Period of this project is 2.4 years. The appropriate discount rate is 13%. Find the Net Present Value of the project. (Note that the cash flow for t-o is not provided to you - that is, you must first solve for it)

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