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Consider the Obsidian Project, which requires an investment of $406,333 initially, with subsequent cash flows of $55,626, $70,142 and $90,527. We can characterize the project
Consider the Obsidian Project, which requires an investment of $406,333 initially, with subsequent cash flows of $55,626, $70,142 and $90,527. We can characterize the project with the following end-of-year cash flows:
Period | Cash Flow |
0 | (406,333) |
1 | 55,626 |
2 | 70,142 |
3 | 90,527 |
What is the net present value (NPV) of the Obsidian Project if the required rate of return for the project is 10%?
Round your answer to 2 decimal places (e.g. 125.74632 = 125.75).
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