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Homework #6B (NPV) 2

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Homework #6B (NPV)
Finance
This set of problems is designed to be calculated using theExcel or financial calculator.Do not use financial tables to calculate these problems.
Question 3(1 point)
Green Landscaping Inc. is using net present value (NPV) when evaluating projects. Green Landscapings cost of capital is 12.20 percent. What is the NPV of a project if the initial costs are $2209640 and the project life is estimated as 7 years? The project will produce the same after-tax cash inflows of $494628 per year at the end of the year.
Round the answer to two decimal places.

 
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