Question: Find the net present valu e ( NPV ) for a proposed project costing $22,748. Assume that the appropriate cost of capital for projects of

Find the net present value (NPV) for a proposed project costing $22,748. Assume that the appropriate cost of capital for projects of this risk level, at this company is 12.56%, and the estimated cash flows for the life of the project are as follows:

Period

Initial Investment and Cash Flows

Year 0 - $22,748
Year 1 $ 4167
Year 2 $ 8524
Year 3 $ 5798
Year 4 $ 4758

Please enter the formula for your answer, exactly as you would enter it in Excel.

Use all capital letters in your formula and enter the rate as a percentage.

Example: =PMT(3%,8,-500,0)

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