Find the net present value (NPV) for the following series of future cash flows, assuming the company’s cost of capital is 14.10 percent. The initial outlay is $397,687.
Find the net present value (NPV) for the following series of future
cash flows, assuming the company’s cost of capital is 14.10 percent. The initial outlay is $397,687.
Year 1: 122,603
Year 2: 161,563
Year 3: 159,739
Year 4: 175,534
Year 5: 196,675
Round the answer to two decimal places.