A project has an initial outlay of $1,681. The project will generate annual cash flows of $691 over the 5-year life of the project and terminal cash flows of $340 in the last year of the project. If the required rate of return on the project is 16%, what is the net present value (NPV) of the project?

Answer rating: 100% (QA)

To calculate the net present value NPV of the project we need to discount the cash flows to their pr... View the full answer