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Problem 1 2 - 1 4 ( Algo ) Net present value method [ L 0 1 2 - 4 ] Aerospace Dynamics will invest

Problem 12-14(Algo) Net present value method [L012-4]
Aerospace Dynamics will invest $165,000 in a project that will produce the following cash flows. The cost of capital is 11 percent. (Note that the fourth year's cash flow is negative.) Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods.
\table[[Year,Cash Flow],[1,$54,000
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