Question: Meyer, Inc. is considering a five-year project that has an initial after-tax outlay or after-tax cost of $70,000. The future after-tax cash inflows from its

Meyer, Inc. is considering a five-year project that has an initial after-tax outlay or after-tax cost of $70,000. The future after-tax cash inflows from its project for years 1, 2, 3, 4 and 5 are all the same at $35,000. Meyer uses the net present value method and has a discount rate of 10%. Will Meyer accept the project?

Please show financial calculator work (BA II Plus)

The answer is 62,677.54 but I get 202,678

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