Question: Stone Inc. is evaluating a project with an initial cost of $9,500. Cash inflows are expected to be $1,900, $2,600, and $11,000 in the three

Stone Inc. is evaluating a project with an initial cost of $9,500. Cash inflows are expected to be $1,900, $2,600, and $11,000 in the three years over which the project will produce cash flows. If the discount rate is 8%, what is the net present value of the project?

DONT MAKE INTERMEDIATE ROUNDINGS PRESENT YOUR ANSWER ROUNDED TO ZERO DECIMAL PLACES DONT USE COMMA SEPARATORS CAN USE FORMULA OR TIME VALUE TABLE WITH 3 DECIMAL PLACES

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