Question: PLS ANSWER ASAP Fly High Co. is expanding and expects operating cash flows of $65,000 a year for seven years as a result. This expansion
PLS ANSWER ASAP
Fly High Co. is expanding and expects operating cash flows of $65,000 a year for seven years as a result. This expansion requires $40,000 in new fixed assets. These assets will be worthless at the end of the project. In addition, the project requires $3,000 of net working capital throughout the life of the project. What is the net present value of this expansion project at a required rate of return of 14 percent?
$198,792.9
$236,938.7
$235,739.1
$278,739.8
$200,473.6
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