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round in the end please 220000.00 You are evaluating a capital project with a Net Investment of $400,000, which includes an increase in net working

image text in transcribed round in the end please
220000.00 You are evaluating a capital project with a Net Investment of $400,000, which includes an increase in net working capital of $16,000. The project has a life of 12 years with an expected salvage value of $3,000. The project will be depreciated via simplified straight- line depreciation. Revenues are expected to increase by $90,000 per year and operating expenses by $8,000 per year. The firm's marginal tax rate is 40 percent and the cost of capital for this project is 1596. What is the net present value of this project? Round to the nearest penny. Do not include a dollar sign. -60912.45 Submit Assessment Nex

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