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What is the net present value of a project that has an initial cash outflow of $50,000 and cash inflows of $20,500, $21,700, $0, and

What is the net present value of a project that has an initial cash outflow of $50,000 and cash inflows of $20,500, $21,700, $0, and $20,400 in Years 1 through 4, respectively? The required return is 12 percent.

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$0

$1032.75

-$1,032.75

$1432.75

-$1,432.75

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