A project has an initial outlay of $3,226. It has a single payoff at the end of year 10 of $6,564. What is the net present value (NPV) of the project if the company’s cost of capital is 14.82 percent? Round the answer to two decimal places.
A project has an initial outlay of $3,226. It has a single payoff
at the end of year 10 of $6,564. What is the net present value (NPV) of the project if the company’s cost of capital is 14.82 percent?
Round the answer to two decimal places.