A firm evaluates all of its projects by applying the NPV
decision rule. A project under consideration has the following cash
flows:
Year
Cash Flow
0
–$
34,000
1
15,000
2
17,000
3
13,000
What is the NPV of the project if the required return is 11
percent? (Do not round intermediate calculations and round
your answer to 2 decimal places, e.g., 32.16.)
At a required return of 11 percent, should the firm accept this
project?
Yes
No
What is...