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Orange Valley Shipping is considering a project that would last for 3 years and have a cost of capital of 6.79 percent. The relevant level

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Orange Valley Shipping is considering a project that would last for 3 years and have a cost of capital of 6.79 percent. The relevant level of networking capital for the project is expected to be 20.000 dollars immediately (at year 0); 8,000 dollars in 1 year: 38,000 dollars in 2 years; and 0 dollars in 3 years. Relevant expected operating cash flows and cash flows from capital spending in years 0, 1, 2, and 3 are presented in the following table. What is the net present value of this project? Time 0 Year 1 Year 2 Year 3 0 73,000 44,000 55,000 Pperating cash flows (in dollars) Cash flows from capital spending (in dollars) -125,000 0 0 4,000 Number

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