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Management of TSC , Inc. is evaluating a new $ 7 1 , 0 0 0 investment with the following estimated cash flows: Year Cash

Management of TSC, Inc. is evaluating a new $71,000 investment with the following estimated cash flows:
Year Cash Flow
1 $ 20,000
231,000
337,000
451,000
The firms cost of capital is 12 percent and the project will require that the firm spend $14,000 to terminate the project. Use Appendix B to answer the question. Use a minus sign to enter a negative value, if any. Round your answer to the nearest dollar.
The NPV of the investment is $
.
Should the firm make the investment?
The firm
-Select-
make the investment.

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