Question: Suppose you're presented with a proposal for a project that costs $4,000 and will bring in $20,400 the first year. The next year, you'll have

Suppose you're presented with a proposal for a project that costs

Suppose you're presented with a proposal for a project that costs $4,000 and will bring in $20,400 the first year. The next year, you'll have to pay out $15,500. With a cost of capital of 12%, calculate the net present value (NPV) for this project. The NPV of the project is $ (Round to the nearest cent)

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