You are presented with 6 years of regular annual operating cash flows for an investment project. Assume the following:

Initial Investment for the project at Time zero is $3,700

WACC is 10.75%

After Tax Salvage Value to be received at the end of the 6th year when the project is completed is $400

Compute the NPV of the Fiesty Fox project and state your answer to the second decimal place. Do not include the special character dollar sign ($). A computation of $1,357.879 would be written as 1,357.88 and I suggest using the comma separator to prevent careless errors.

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cash flows 920 920 920 920 920 920