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FM corporations new project will generate the operating cashflow by $56,200 per year for next five years. The equipment needs $238,900 of initial investment. After

FM corporations new project will generate the operating cashflow by $56,200 per year for next five years. The equipment needs $238,900 of initial investment. After the investment period, the salvage value of equipment will be $67,000 after paying taxes. Assuming the required return is 15.2%, what is the NPV of this project?

$14,731.78

-$21,322.64

-$18,374.86

-$14,731.78

$17,534.09

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