UBER

A man is considering purchasing a new car for$49,000and using it to drive for UBER. He expects to generate annual net cash flows over the next five years of:

End of year 1$26,000

End of year 2$30,000

End of year 3$30,000

End of year 4$27,000

End of year 5$19,000

Plus, the salvage value of the vehicle at the end of year 5 is$5,000.

Calculate the NPV of this man's business, including salvage value, if the opportunity cost is4.0%.