Question: A company is considering a 6-year project that would require an intial cash outflow in the amount of $100,000 at the beginning of project (i.e.

A company is considering a 6-year project that would require an intial cash outflow in the amount of $100,000 at the beginning of project (i.e. t=0). The project has expected cash inflows in the amount of $28,000 at the end of each of the 6 years. The company requires a 11% return on investment. What is the NPV for this project?

Do not round intermediate calculations. Round final answer to two decimal places.

Please show all your work and show your steps. Clearly explain your answer and the steps you take. If writing, please write neatly, no cursive, and write in a linear fashion.

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