A project has annual cash flows of $5,500 for the next 10 years and then $6,500 each year for the following 10 years. The IRR of this 20-year project is 10.98%. If the firm's WACC is 8%, what is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent.

Answer rating: 100% (QA)

NPV 1117264 A D E F G 1 Step 1 2 Calculation of Initial Investment 3 Year Cashflow Step 2 Calculatio... View the full answer