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Skyline Corporation will invest $240,000 in a project that will not begin to produce returns until the end of the 4 th year. From the

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Skyline Corporation will invest $240,000 in a project that will not begin to produce returns until the end of the 4 th year. From the end of the 4th year until the end of the 12 th year ( 9 periods), the annual cash flow will be $59,000. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods. a. Calculate the net present value if the cost of capital is 13 percent. Note: Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places. b. Should the project be undertaken? No Yes

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