Question: MFG Corp. is evaluating a capital project using the net present value method. The project has an initial cash outflow of $ 9 0 0

MFG Corp. is evaluating a capital project using the net present value method. The project has an initial cash outflow of $900,000 and the annual after-tax cash inflows for the project are below. For capital projects management requires a rate of return of 11.0%.
Cash inflows are as follows: year 1 $225,000, year 2 $225,000, year 3 $225,000, year 4 $250,000 year 5 $200,000, and year 6 $175,000.
What is the net present value of the project? (round to the nearest dollar)

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