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The Yurdone Corporation wants to set up a private cemetery business. According to the CFO, Barry M . Deep, business is looking up .

The Yurdone Corporation wants to set up a private cemetery business. According to the CFO, Barry M. Deep, business is "looking up". As a result, the cemetery project will provide a net cash inflow of $98,000 for the firm during the first year, and the cash flows are projected to grow at a rate of 3 percent per year forever. The project requires an initial investment of $1,510,000.
Q-1 What is the NPV for the project if the required return is 12 percent? (A negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
NPV
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