Question 3(1 point) Green Landscaping, Inc. is using net present value (NPV) when evaluating projects. Green Landscaping's
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Question 3(1 point)
Green Landscaping, Inc. is using net present value (NPV) when evaluating projects. Green Landscaping's cost of capital is 6.78 percent. What is the NPV of a project if the initial costs are $1,358,293 and the project life is estimated as 12 years? The project will produce the same after-tax cash inflows of $510,798 per year at the end of the year.
Round the answer to two decimal places.
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