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What is the NPV of the following project if the discount rate is 9%? Round to the nearest cent. Investment today: $-179,000; Cash flow in
What is the NPV of the following project if the discount rate is 9%? Round to the nearest cent. Investment today: $-179,000; Cash flow in year 1: $54,000; Cash flow in year 2: $78,000; Cash flow in year 3: $54,000. [Hint: A negative cash flow is just an indication that it is an outflow. Don't enter it as a negative number in the NPV formula. Outflows should be factored in NPV calculations as positive numbers.
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