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Question 12 Not yet answered Points out of 3.75 (NOTE: ENTER YOUR ANSWER IN PERCENT, BUT WITHOUT THE % SIGN, rounded to 2 decimal places,

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Question 12 Not yet answered Points out of 3.75 (NOTE: ENTER YOUR ANSWER IN PERCENT, BUT WITHOUT THE % SIGN, rounded to 2 decimal places, for instance as 7.89, not as 7.89%, or not as 0.0789) DO NOT ROUND IN YOUR CALCULATION STEPS (USE CALCULATOR MEMORY FUNCTIONS) Assume SIMPLE PROJECT, INC. is considering a project requiring $38,000 initial investment. The project would result in annual revenues of $57,000 and annual expenses of $21,000. Assume the project lasts 9 years and the relevant cost of capital is 10%. Calculate the percentage increase in the net present worth of the project if the annual revenues are increased by 1% P Flag

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