Net Present Value of a Project Assignment


Net Present Value of a Project Assignment

What is the net present value (NPV) of a project that has an initial cash outflow of $18,921, at time 0, and the following cash inflows? The required return is 13.0%. DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND ANSWER TO THE NEAREST DOLLAR.

Year Cash Flow
1 $7,845
2 $7,557
3 $7,134
4 $7,700

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