A project has an initial outlay of $3,023. It has a single payoff at the end of year 6 of $7,831
A project has an initial outlay of $3,023. It has a single payoff
at the end of year 6 of $7,831. What is the net present value (NPV) of the project if the company’s cost of capital is 11.53 percent?
Round the answer to two decimal places.