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Skysong Inc. has a project that requires a $ 5 1 , 9 0 0 after - tax initial investment and produces these after -

Skysong Inc. has a project that requires a $51,900 after-tax initial investment and produces these after-tax cash flows at each year-
end: $19,450;$21,300;-$6,800;$42,550;$60,600; and $23,600. The appropriate domestic discount rate is 24.3 percent. The project
is in another developing country, where extra risk is assumed to be 7.1 percent. Calculate the project's NPV. Should Skysong Inc.
accept or reject the project? (Round present value factor calculations to 5 decimal places, e.g.1.25124 and the final answer to 2 decimal
places e.g.971.25.)
NPV
$
Skysong Inc. should
the project.
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