Your firm is evaluating a capital budgeting project. The estimated cash flows appear below.

The board of directors wants to know the expected impact on shareholder wealth. Knowing

that the estimated impact on shareholder wealth equates to net present value $($NPV$),$ you use

your handy calculator to compute the value. What is the project's NPV$?$ Assume that the cash

flows occur at the end of each year. The discount rate $($i$.$e$.,$ required rate of return, hurdle

rate$)$ is $15\mathrm{.}2\%.($Round to nearest penny$)$

Answer: