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Question 8 6 pts Consider the Obsidian Project, which requires an investment of $488,291 initially, with subsequent cash flows of $54,339, $76,644 and $97,996. We
Question 8 6 pts Consider the Obsidian Project, which requires an investment of $488,291 initially, with subsequent cash flows of $54,339, $76,644 and $97,996. We can characterize the project with the following end-of-year cash flows: Period Cash Flow 0 (488,291) 1 54,339 2 76,644 3 97,996 What is the net present value (NPV) of the Obsidian Project if the required rate of return for the project is 11%? Round your answer to 2 decimal places (e.g. 125.74632 = 125.75)
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