Question: *This is all the information I was given* Monroe, Inc., is evaluating a project. The company uses a 13.8 percent discount rate for this project.

*This is all the information I was given*

Monroe, Inc., is evaluating a project. The company uses a 13.8 percent discount rate for this project. Cost and cash flows are shown in the table. What is the NPV of the project?

YearProject

0($11,368,000)

1$2,127,589

2$3,787,552

3$3,225,650

4$4,115,899

5$4,556,424

Round to two decimal places.

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