Question: The Spoon Restaurant is considering a project with an initial cost of $525,000. The project will not produce any cash flows for the first 3

The Spoon Restaurant is considering a project with an initial cost

The Spoon Restaurant is considering a project with an initial cost of $525,000. The project will not produce any cash flows for the first 3 years. Starting in Year 4, the project will produce cash flows of $721,000 for 3 years. The project is risky, so the firm has assigned it a discount rate of 17 percent. What is the project's net present value

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