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Green Forest Consulting is considering a project that would last for 3 years and have a cost of capital of 18.77 percent. The relevant level

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Green Forest Consulting is considering a project that would last for 3 years and have a cost of capital of 18.77 percent. The relevant level of net working capital for the project is expected to be 22,000 dollars immediately (at year 0); 9,000 dollars in 1 year; 31,000 dollars in 2 years; and 0 dollars in 3 years. Relevant expected operating cash flows and cash flows from capital spending in years 0, 1, 2, and 3 are presented in the following table. What is the net present value of this project? Time 0 Year 1 Year 2 Year 3 Operating cash flows (in dollars) 57,000 72,000 60,000 Cash flows from capital spending (in dollars) -154,000 0 0 13,000 Number

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