Find the net present value or npv for the project

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Problem 1: Kenneth Padilla is considering investing in a franchise that will require an initial outlay of $96,000. He conducted market research and found that after-tax cash flows on the investment should be about $16,000 per year for the next 9 years. The franchiser stated that Kenneth would generate a 18 percent return. Her cost of capital is 9.6 percent. Find the Net Present Value (NPV) for the project: (Do not round intermediate calculations, round final answer to two decimals, negative should be preceded by - i.e. -123.45)

Reference no: EM132752075

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