Question
npv categorically eqn pic.PNG A $4 million investment today, in a project to last 10 years, is believed to result in the following incremental cash
npv categorically eqn pic.PNG A $4 million investment today, in a project to last 10 years, is believed to result in the following incremental cash flows: annual increase in sales of $2,100,000 operating expenses will be 50% of sales there is a $30,000 NWC investment associated with this project that is fully recovered at the end of the project's life assets purchased for this project are depreciated to zero value using straight-line over the project's complete life market value of assets at end of life are expected to be $50,000 firm's marginal tax rate is 32% required return on the project is 12% compounded annually What is the NPV of this project? Enter answer in dollars, rounded to the nearest dollar
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