How did they get this answer? how would you go about solving this and punching this into a calculator?

se fossil Sume Facebox Micros X Viewing X * Goal X Form X S Geogx ine.mun.cad2e/content/319298/viewContent/2987632/View NPV Example 2 XYZ Corp. considering an expansion project requiring an immediate outlay of $110,000 Project would increase cash flows by $14,000 per year for 10 years (starting next year) Residual salvage value: $100,000 Should XYZ take project if RRR = 10%? GRENFELL CAMPUS MacBook Pro JO9D2DPATET TV V LAMPIC 0 1 2 10 - $110,000 $14,000 $14,000 $14,000 $14,000 $100,000 NPV = -$110,000+ $14,000 +$100,000 (1+0.1) = $14,578 GRENFELL Profitability Index (PI) MacBook Pro JOOBBABEBE