Question: Compute the NPV statistic for Project Y if the appropriate cost of capital is 11 percent. Note: Negative amount should be indicated by a minus

Compute the NPV statistic for Project Y if the appropriate cost of capital is 11 percent.

Note: Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your final answer to 2 decimal places.

Project Y

Time: 0 1 2 3 4
Cash flow: $ 8,700 $ 3,490 $ 4,320 $ 1,660 $ 440

NPV=

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