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 18.0 percent. What is the project's net present value? (if it is negative use - sign.) dollars (xxxxx.xx dollars) You will receive annual payments of $4,200 at the end of each year for ten years. The first payment will be received in year 3. What is the present value of these payments if the discount rate is 9 percent? S (xxxxx.xx)

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