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QUESTION
Find the net present value (NPV) for the following series of future cash flows, assuming the company's cost of capital is 14.10 percent. The initial...
Find the net present value (NPV) for the following series of future cash flows, assuming the company's cost of capital is 14.10 percent. The initial outlay is $397,687.
Year 1: 122,603
Year 2: 161,563
Year 3: 159,739
Year 4: 175,534
Year 5: 196,675
Round the answer to two decimal places.
