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Jimbo's Java & Jerk is evaluating a new project to determine whether it warrants funding consideration. Having just taken over managing the project initiation process for Jimbo's from the previous financial analyst, Caitlin Elizabeth is trying to evaluate the project's potential given its projected cash flows. As a first step, Caitlin developed the table of investment and revenue estimates below that she plans to use to determine the project's net present value.

Jimbo's CFO has indicated that, based on assumptions about risk during the course of the project, Caitlin should initially use 0.24 as a discount rate, but use 0.24 beginning in year 14.

Assume all cash flows occur at the end of the specified year and calculate all values to three decimal places.

if the problem has table data, copy the following lines and paste into the appropriate spot in the text section