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King bird Inc. has a project that requires a $47,400 after-tax initial investment and produces these after-tax cash flows at each year-end: $17,200; $19,800; -$5,300;

King bird Inc. has a project that requires a $47,400 after-tax initial investment and produces these after-tax cash flows at each year-end: $17,200; $19,800; -$5,300; $40,300; $57,600; and $20,600. The appropriate domestic discount rate is 22.8 percent. The project is in another developing country, where extra risk is assumed to be 4.1 percent. Calculate the project's NPV. Should King bird Inc. accept or reject the project?

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