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Consider a project with the following cash flows: Year t=0 t=1 t=2 t=3 t=4 ??? $7,500 $12,500 $15,000 $17,500 The Payback Period of this project

Consider a project with the following cash flows:

Year t=0 t=1 t=2 t=3 t=4

??? $7,500 $12,500 $15,000 $17,500

The Payback Period of this project is 2.6 years. The appropriate discount rate is 13%. Find the Net Present Value of the project. (Note that the cash flow for t=0 is not provided to you-that is, you must first solve for it).

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