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M11-5 Calculating Net Present Value [LO 11-3] Citrus Company is considering a project that has estimated annual net cash flows of $35,145 for eight years
M11-5 Calculating Net Present Value [LO 11-3]
Citrus Company is considering a project that has estimated annual net cash flows of $35,145 for eight years and is estimated to cost $165,000. Citruss cost of capital is 6 percent. Determine the net present value of the project. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided. Negative amount should be indicated by a minus sign. Round your final answer to 2 decimal places.)
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