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You are offered the chance to participate in a project that produces the following cash flows: C 0 C 1 C 2 + $ 5,900

You are offered the chance to participate in a project that produces the following cash flows:

C0 C1 C2
+ $ 5,900 + $ 4,450 $ 12,800

The internal rate of return is 14.3%.

a. If the opportunity cost of capital is 13%, what is the net present value of the project? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.)

b. Will you accept the offer?

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