Question: Find the net present value (NPV) for a proposed project costing $18,843. Assume that the appropriate cost of capital for projects of this risk level,

 Find the net present value (NPV) for a proposed project costing
$18,843. Assume that the appropriate cost of capital for projects of this

Find the net present value (NPV) for a proposed project costing $18,843. Assume that the appropriate cost of capital for projects of this risk level, at this company is 6.56%, and the estimated cash flows for the life of the project are as follows: Year 1 Year 2 Year 3 Year 4 Year 5 $5,691 $3,379 $8,669 $1,652 $1,874 If a project costs $708,497, and has the cash flows outlined in the table below, what is this project's payback period in years (use two decimal places in your response)? Year 1 Year 2 Year 3 Year 4 Year 65,760 118,475 175,770 167,102 173

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