Green Landscaping, Inc. is using net present value (NPV) when evaluating projects. Green Landscaping’s cost of capital is 7.85 percent.
Green Landscaping, Inc. is using net present value (NPV) when evaluating
projects. Green Landscaping’s cost of capital is 7.85 percent. What is the NPV of a project if the initial costs are $2,170,130 and the project life is estimated as 12 years? The project will produce the same after-tax cash inflows of $456,052 per year at the end of the year.
Round the answer to two decimal places.