Question: The information below describes a project with an initial cash outlay of $25,000 and a required return of 0.0950, compounded annually. What is the net

The information below describes a project with an initial cash outlay of $25,000 and a required return of 0.0950, compounded annually. What is the net present value of the project, given the following projected cash flow?

Year

Cash flow

1

15,000

2

9,500

3

6,500

6,000
1,572
51,572
26,572

I thought the answer was 26,572 but I got it wrong. I am trying to determine what I did wrong and what the correct answer is. Please show your work and Excel is fine.

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