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Question 15 (CHAPTER 10) Your boss is considering a 5-year investment project. If the project is accepted, it would require an immediate spending of $624

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Question 15 (CHAPTER 10) Your boss is considering a 5-year investment project. If the project is accepted, it would require an immediate spending of $624 to buy all necessary production equipment. This equipment would be sold at the end of the project and bring your company estimated $192 in sale proceeds after taxes. Your boss's consulting team estimated that the annual after-tax profits (or operating cash flows) would equal $167. The team also recommends immediately setting aside $52 in cash to cover any unforeseen expenses. The required annual rate of return is 9.2%. Calculate the Net Present Value of this proposed investment project. (Do NOT use "$" in your answer. Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher. Only round your answer to TWO decimal places. For example, 1,000.23 or -1,000.23) Question 15 (CHAPTER 10) Your boss is considering a 5-year investment project. If the project is accepted, it would require an immediate spending of $624 to buy all necessary production equipment. This equipment would be sold at the end of the project and bring your company estimated $192 in sale proceeds after taxes. Your boss's consulting team estimated that the annual after-tax profits (or operating cash flows) would equal $167. The team also recommends immediately setting aside $52 in cash to cover any unforeseen expenses. The required annual rate of return is 9.2%. Calculate the Net Present Value of this proposed investment project. (Do NOT use "$" in your answer. Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher. Only round your answer to TWO decimal places. For example, 1,000.23 or -1,000.23)

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