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Consider the following information about a proposed project: Increased Sales $6,000 per year Increased expenses $3,000 per year Tax rate 22% The project costs $11,000
Consider the following information about a proposed project:
| Increased Sales | $6,000 per year |
| Increased expenses | $3,000 per year |
| Tax rate | 22% |
The project costs $11,000 and will be depreciated on a straight line basis over a 6 year life.
If the discount rate is 13%, what is the NPV of this project?
Round your answer to 2 decimals, for example 100.12.
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