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The ABC Company is considering a new project which will require an initial cash investment of $6,291. The project will produce no cash flows for
The ABC Company is considering a new project which will require an initial cash investment of $6,291. The project will produce no cash flows for the first 5 years. The projected cash flows for years 6 through 9 are $2,530, $4,457, $6,743, and $4,256, respectively. If the appropriate discount rate is 10%, compute the NPV of the project. Enter your answer rounded off to two decimal points. Do not enter $ in the answer box.
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