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The Allied Corporation analyzes a project that requires an immediate investment of $440. Allied estimates that at the end of the first year the project
The Allied Corporation analyzes a project that requires an immediate investment of $440. Allied estimates that at the end of the first year the project will generate a cash flow of $645, but that at the end of the second year, when the project ends, it will generate a negative cash flow of $70. The project's required rate of return is estimated to be 7.75%. Calculate the NPV of Allied's project. Place your answer in dollars and cents. Do NOT include a dollar sign or a comma in your NPV. For example, an answer of ten thousand should be placed as 10000. If applicable, indicate negative amounts with a minus sign in front of the number. Work your analysis using at least 4 decimal places of accuracy. SUBMIT
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