Question: Tolbotics Inc. is considering a three - year project that will require an initial investment of $ 4 1 , 0 0 0 . If

Tolbotics Inc. is considering a three-year project that will require an initial investment of $41,000. If market demand is strong, Tolbotics Inc. thinks that the project will generate cash flows of $29,000 per year. However, if market demand is weak, the company believes that the project will generate cash flows of only $1,750 per year. The company thinks that there is a 50% chance that demand will be strong and a 50% chance that demand will be weak.If the company uses a project cost of capital of 13%, what will be the expected net present value (NPV) of this project? (Note: Do not round intermediate calculations and round your answer to the nearest whole dollar.)-$4,227-$4,697-$3,758-$5,167

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