1. Cornell Enterprises is considering a project that has the following cash flow and WACC data. What is the project's NPV? Note that a project's projected NPV can be negative, in which case it will be rejected.

   WACC:	10.00%
   Year	0	1	2	3
   Cash flows	-$825	$450	$460	$470

   		$396.72
   		$317.37
   		$336.42
   		$323.72
   		$257.07