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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