onroe, 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 0    ($11,368,000) 1   $2,112,589 2    $3,787,552 3     $3,300,650 4     $4,115,899 5.     $ 4,556,424 Round to two decimal places. For year 0 , its initial investment

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 16EB: Project Y cost $8,000 and will generate net cash inflows of $1,500 in year one, $2,000 in year two,...
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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
0    ($11,368,000)
1   $2,112,589
2    $3,787,552
3     $3,300,650
4     $4,115,899
5.     $ 4,556,424

Round to two decimal places. For year 0 , its initial investment .

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