A capital budgeting project is expected to have the following cash flows. The company requires a 10%
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A capital budgeting project is expected to have the following cash flows. The company requires a 10% required rate of return and payback period less than 5 years.
Year | Cash Flows | Cumulative Cash Flows |
0 | - $1,000,000 |
|
1 | $400,000 |
|
2 | $400,000 |
|
3 | $200,000 |
|
4 | $400,000 |
|
What is the project's Net Present Value (NPV) at a 10% required rate of return? (Round to the nearest whole number.)
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