Question: Net present value: Riggs Corp. management is planning to spend $650,000 on a new- marketing campaign. They believe that this action will result in additional

Net present value: Riggs Corp. management is planning to spend $650,000 on a new- marketing campaign. They believe that this action will result in additional cash flows of $325,000 over the next three years. If the discount rate is 17.5 percent, what is the NPV on this project?

Solution:

Initial investment = $650,000

Annual cash flows = $325,000

Length of project = n = 3 years

Required rate of return = k = 17.5%

Net present value = NPV

How do I use my HP10bll+ calculator to solve this. I don't have to show the work. I missed the class for how to input it into the calculator

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