Reference no: EM132484122
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 mce_markernbsp;2,142,589
2 mce_markernbsp;3,787,552
3 mce_markernbsp; 3,250,650
4 mce_markernbsp;4,115,899
5 mce_markernbsp;4,556,424
Round to two decimal places.