Question $6$

Rieveldt Company requires an initial outlay of $$24852$ and has a profitability index of $0\mathrm{.}95.$ The project is expected to generate equal annual positive cash flows over

the next twelve years. The required return for this project is $0.$ What is Rieveldt's net present value?

Instruction: Type ONLY your numerical answer in the unit of dollars, NO $ sign, NO comma, and round to the nearest whole number. E$.$g$.,$ if

your answer is $$7,001\mathrm{.}56,$ should type ONLY the number $7002,$ NEITHER $7,001\mathrm{.}6,$$$7001\mathrm{.}6,$$$7,001\mathrm{.}6,$ NOR $7001\mathrm{.}56.$ Otherwise, Blackboard will treat

it as a wrong answer.