Question: 2 point: SmithCo is considering a project that will generate no cash flows in years 14, but it will generate an inflow of $254,000 exactly

2 point: SmithCo is considering a project that will generate no cash flows in years 14, but it will generate an inflow of $254,000 exactly five years from today. From that point forward, annual inflows will grow at a rate of 3% per year forever. If the project requires an initial investment (vear 0 ) of $5,000,000 and SmithCo's cost of capital is 11%, what is the project's NPV? Round your answer to the nearest dollar

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