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The town of Punxsutawney, PA just invested $305,200 to refurbish Gobblers Knob (a well-known tourist attraction in the area). The Gobblers Knob project is expected

The town of Punxsutawney, PA just invested $305,200 to refurbish Gobblers Knob (a well-known tourist attraction in the area). The Gobblers Knob project is expected to produce cash inflows of $45,700 for 8 years and a cash inflow of $61,100 in Year 9. If Punxsutawneys cost of capital is 8.2%, what is the Gobblers Knob project NPV?

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-$14,499.71 $97,658.31 -$22,076.33 $73,330.77 $7,984.15

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