Question: asap please Pink Drink, Inc. is considering a new three-year expansion project that requires an initial fixed asse investment of $24,600. The fixed asset will

asap please asap please Pink Drink, Inc. is considering a new three-year expansion project

Pink Drink, Inc. is considering a new three-year expansion project that requires an initial fixed asse investment of $24,600. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be worthless. The project is expected to generate $33,200 in annua sales, with costs of $22,100. Assume the tax rate is 21 percent and the required return on the project is 9 percent. What is the project's NPV? (NOTE: Round your answer to the nearest cent)

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