Northern Pole is developing a special vehicle for Arctic

exploration. The development requires investments of $$50,000$

today, $$80,000$ in $2$ years from today and $$90,000$ in $5$ years from

today. Net returns for the project are expected to be $$30,000$ at the

end of year over the next $15$ years. Also, there will be a special

onetime inflow of $$100,000$ in $15$ years. If the company requires a

rate of return of $12\%$ compounded annually$\_$find the NPV of the

project. $($Chapter $16\mathrm{.}2$ NPV$)$