Problem 12-1 NPV

A project has an initial cost of $65,500, expected net cash inflows of $14,000 per year for 11 years, and a cost of capital of 11%. What is the project's NPV? (Hint: Begin by constructing a time line.) Do not round your intermediate calculations. Round your answer to the nearest cent.

Problem 12-1 NPV A project has an initial cost of $65,500, expected net cash inflows of $14,000 per year for 11 years, and a cost of capital of 11%. What is the project's NPV? (Hint: Begin by constructing a time line.) Do not round your intermediate calculations. Round your answer to the nearest cent