Question: connect Homework 4:1 of 2, Chapter 5-Net Present Value and Other Investment Rules and Chapter 6 Question 13 (of 18) 13. 10.00 points Down Under

connect Homework 4:1 of 2, Chapter 5-Net Present Value and Other Investment Rules and Chapter 6 Question 13 (of 18) 13. 10.00 points Down Under Boomerang, Inc, is considering a new three- year expanaion project that requires an initial fixed asset investment of $2.64 million. The foxed asset will be depreciated straight-Hine to zero over ts three-year tax lifo, after which it will be worthless. The project is estimated to generate $2,060,000 in annua sales, with costs of $756,000. The tax rate is 35 percent and the required return is 13 percent What is the project's NPV? (Do not round intermediate calculations and round your answer to 2 decimal places, .g32.16.) Hints References Book & Resources Check my work 24 MacBook 4 lock

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