Proposed project requires an initial cash outlay

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A proposed project requires an initial cash outlay of $49,000 for equipment and an additional cash outlay of $18,700 in Year 1 to cover operating costs. During Years 2 through 4, the project will generate cash inflows of $42,500 a year. What is the net present value of this project at a discount rate of 11.6 percent? $25,810.33 $26,343.72 $23,602.18 $24,399.99 $26,391.08

Reference no: EM131188337

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