Question: A project is expected to create annual operating cash flows of $23,978 for three years. The initial cost of the fixed assets is $48,955. The

 A project is expected to create annual operating cash flows of

A project is expected to create annual operating cash flows of $23,978 for three years. The initial cost of the fixed assets is $48,955. The assets are depreciated on a straight-line basis to a value of zero. These assets will be worthless at the end of the project. An additional \$2,951 of net working capital. invested at time 0 will be required throughout the life of the project. The working capital would be recovered at the end of the project. What is the project's net present value if the required rate of return is 9.4% ? Round your response to the dollar, and input without the $ sign

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