In: Finance
A 5-yr project has an initial requirement of $142495 for new equipment and $8859 for net working capital. The installation cost is $14729. The fixed assets will be depreciated to a zero book value over 5 years and have an estimated salvage value of $27974. All of the net working capital will be recouped at the end of the project. The annual operating cash flow is $56124. The cost of capital is 10% and the tax rate is 28%. What is the net present value of the project?
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.