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The discount rate is 3%. Your Corporation is considering an investment project that will require an initial investment of $15,000 and will generate the following

The discount rate is 3%. Your Corporation is considering an investment project that will require an initial investment of $15,000 and will generate the following net cash inflows in each of the three years of the project:

Year 1

Year 3

Year 5

Cash inflows..........

$6,000

$8,000

$7,000

Cash outflows........

$0

$0

$4,500

What is the net present value for this project?

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