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The following table indicates the net cash flows of a capital asset: Year Net Cash Flow 0 $-8,900 1 $4,700 2 $9,300 Do not

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The following table indicates the net cash flows of a capital asset: Year Net Cash Flow 0 $-8,900 1 $4,700 2 $9,300 Do not enter dollar signs or commas in the input boxes. Use the negative sign where appropriate. Round the factor to 4 decimal places and the NPV to the nearest whole number. Assume the required rate of return is 9%. Determine the net present value of this asset. Year Net Cash Flow Factor Net Present Value 0 $-8,900 1 $ -8900 1 $4,700 0.9174 $ 4311.78 2 $9,300 0.8417 $7827.81 Total 3239.59 x

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