Evaluating a project-cost and cash flows are shown in table

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Monroe, Inc., is evaluating a project. The company uses a 13.8 percent discount rate for this project. Cost and cash flows are shown in the table. What is the NPV of the project?

Year Project

0 ($11,368,000)

1 $ 2,202,590

2 $ 3,787,552

3 $  3,325,650

4 $ 4,115,899

5 $ 4,556,424

Reference no: EM131047733

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