A project is expected to create operating cash flows of $32,000 a year for three years. The initial cost of the fixed assets is $66,000. These assets will be worthless at the end of the project. An additional $3,500 of net working capital will be required throughout the life of the project. What is the project's net present value if the required rate of return is 14 percent?

Answer rating: 100% (QA)

Statement showing Cash flows Particulars Time PVf14 Amount PV Cash Outflo... View the full answer