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Find the net present value ( NPV ) for a proposed project costing $49,623. Assume that the appropriate cost of capital for projects of this

Find the net present value (NPV) for a proposed project costing $49,623. Assume that the appropriate cost of capital for projects of this risk level, at this company is 15.63%, and the estimated cash flows for the life of the project are as follows:

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8
$12,605 $14,245 $10,380 $17,735 $16,718 $4,427 $8,866 $14,279

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