Question: FORMULA APPROACH ONLY- No Excel or Calculator A project has annual cash flows of $7,000 for the next 10 years and then 56,500 each year

FORMULA APPROACH ONLY- No Excel or Calculator

A project has annual cash flows of $7,000 for the next 10 years and then 56,500 each year for the following 10 years. The IRR of this 20 year project is 10.117. If the fitmis WACC is 10\%, what is the project's NPV? Do not round intermediate calculations. Round your answer to the neartist cent. $

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