Question: Find the net present value ( NPV ) for a proposed project costing $4,878. Assume that the appropriate cost of capital for projects of this
Find the net present value (NPV) for a proposed project costing $4,878. Assume that the appropriate cost of capital for projects of this risk level, at this company is 8.14%, and the estimated cash flows for the life of the project are as follows:
| Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 |
| $9,794 | $4,491 | $6,589 | $8,358 | $4,181 | $17,004 |
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