Question: Lily, a sole trader, is considering a project A which requires an initial investment of $855 (.e., t-0). The project is expected to generate

Lily, a sole trader, is considering a project A which requires an

Lily, a sole trader, is considering a project A which requires an initial investment of $855 (.e., t-0). The project is expected to generate permanent sales of $1239 per year from year 1. Costs are $585 for the first year (i.e., t=1) and will increase by 21% per year over the subsequent 3 years. Ignore taxes and calculate the NPV of the project at a 13% cost of capital. (Round your answer to two decimal places) NPV of the project (in $) =

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