Question: Please answer the questions below: 1) 2) What is the net present value of a project with a $38,500 initial investment and expected net cash

Please answer the questions below:

Please answer the questions below: 1) 2) What is the net present

2) value of a project with a $38,500 initial investment and expected net

What is the net present value of a project with a $38,500 initial investment and expected net cash flows of $17,700, S15,600, and $28,300 in each of the next three years, assuming an appropriate discount rate of 9.9 percent? The present value of the cashflows is $ (Round to the nearest cent.)

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