9.

Warnock Inc. is considering a project that has the following cash flow and WACC data. What is the project's NPV? Note that a project's projected NPV can be negative, in which case it will be rejected. WACC: 10.00% Year 0123 Cash flows $1,050$500$400$300 \begin{tabular}{c} $47.38 \\ $39.09 \\ \hline$29.61 \\ \hline$40.27 \\ \hline$39.48 \end{tabular}