Problems\ One year after investing, the payoff will be

$53,000

with a

(2)/(3)

chance of occurrence. There is also the

(1)/(3)

chance of a

$-24,000

payoff. The cost of investing is

$44,000

. The cost of capital is

15%

. What is the NPV of the project?

1. One year after investing, the payoff will be $53,000 with a 2/3 chance of occurrence. There is also the 1/3 chance of a $24,000 payoff. The cost of investing is $44,000. The cost of capital is 15%. What is the NPV of the project