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What is the project net present value

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ABC Inc. is considering a project with an initial cost of $1,598. The project will not produce any cash flows for the first four years. Starting in year five, the project will produce cash inflows of $622 a year for four years. If the discount rate of 6.8 percent, what is the project's net present value?

Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.

Reference no: EM131358981

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