XYZ is considering a project that would last for 3 years and have a cost of capital of 20.10 percent. The relevant level of net working capital for the project is expected to be $1,787.50 immediately (at year 0); $4,960.00 in 1

year; $13,100.00 in 2 years; and $0.00 in 3 years.

Relevant expected revenue, costs, depreciation, and cash flows from capital spending in years 0, 1, 2, and 3 are presented in the following table. The tax rate is 48.40

percent. What is the net present value of this project? .

Year 0

Year 1

Year 2

Year 3

Revenue

0.00

$10,900.00 $12,700.00 $11,600.00

Costs

0.00

$3,590.00 $3,500.00 $3,900.00

Depreciation

$

0.00

$2,080.00 $1,950.00 $2,800.00

Cash flows from capital spending $-6,000.00 $1,600.00 $1,760.00 $4,490.00

Xotatoes and have a cost of capital of 20.10 percent. The real of networking capital for the poorted to be 1.72 Sately let year 14,000 1 year 100.00 in nad 50.00 in 3 years expected revenus depreciation and cash flows from Capital pendinginyero 23 are prented in the following role. The tax rate 440 Decent. What is maceti Year Yeart Year Year 000110,000.00 13.70000 1160000 Coule 000 30000 50000 5300500 Depreciation 1000 200009 33 20000 Cath owocaleding - 1000 11,000.00 31.700.00 1440000 52034.15 plus minus 101 512064 plus or 10 D576342 pre 510 3847 ust. 10) None of the even within 10 comoda