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Petra Souvenirs plans to invest in a new souvenir boutique. Petra will invest $ 73,528. The total after tax cash flows are $29,367 for year

Petra Souvenirs plans to invest in a new souvenir boutique. Petra will invest $ 73,528.

The total after tax cash flows are $29,367 for year 1, $15,171 for year 2, $31,151 for year 3 and $48,280 for year 4.

The required rate of return on similar projects is 6.5 percent. Calculate the NPV of the project.

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