Question: Find the net present value (NPV) for a proposed project costing $22,852. Assume that the appropriate cost of capital for projects of this risk level,

Find the net present value (NPV) for a proposed project costing $22,852. Assume that the appropriate cost of capital for projects of this risk level, at this company is 10.16%, 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 Year 7 Year 8

$11,553 $2,666 $16,060 $11,711 $20,620 $3,062 $19,245 $20,163

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