Question: 6B-3 Green Landscaping, Inc. is using net present value (NPV) when evaluating projects. Green Landscapings cost of capital is 13.55 percent. What is the NPV

6B-3

Green Landscaping, Inc. is using net present value (NPV) when evaluating projects. Green Landscapings cost of capital is 13.55 percent. What is the NPV of a project if the initial costs are $1,618,847 and the project life is estimated as 9 years? The project will produce the same after-tax cash inflows of $395,845 per year at the end of the year.

Round the answer to two decimal places.

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