Green Landscaping, Inc. is using net present value (NPV)
Green Landscaping, Inc. is using net present value (NPV) when evaluating
projects. Green Landscaping’s cost of capital is 12.26 percent. What is the NPV of a project if the initial costs are $1,345,240 and the project life is estimated as 12 years? The project will produce the same after-tax cash inflows of $610,715 per year at the end of the year.
Round the answer to two decimal places.