Question: Steel Plus Inc. is considering a project which has the following cash flows: Year Cash Flow 1 $3,000 2 4,000 3 2,000 4 1,500 The

Steel Plus Inc. is considering a project which has the following

Steel Plus Inc. is considering a project which has the following cash flows: Year Cash Flow 1 $3,000 2 4,000 3 2,000 4 1,500 The project has a payback of 2.5 years. The firm's cost of capital is 12 percent. What is the project's net present value NPV? Round it to two decimal places

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