Question: *PLEASE SHOW WORK WITHOUT USING EXCEL* Bob, Inc. is considering an two-year project that has an initial after-tax outlay or after-tax cost of $60,000. The

*PLEASE SHOW WORK WITHOUT USING EXCEL*

Bob, Inc. is considering an two-year project that has an initial after-tax outlay or after-tax cost of $60,000. The future after-tax cash inflows from its project for ear 1 is $30,000 and for year 2 is $60,000. Bob uses the Net Present Value method (NV) and has a discount rate of 12%. What is the NPV of this project?

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