Question: Corner Restaurant is considering a project with an initial cost of $211,600. The project will not produce any cash flows for the first three years.

Corner Restaurant is considering a project with an initial cost of

Corner Restaurant is considering a project with an initial cost of $211,600. The project will not produce any cash flows for the first three years. Starting in Year 4, the project will produce cash inflows of $151,000 a year for three years. This project is risky, so the firm has assigned it a discount rate of 18.6 percent. What is the project's Net Present Value? Round up your answer to TWO decimals in $

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