Question: ZYX is evaluating a project that would require an initial investment of $75,000 today. The project is then expected to produce annual cash flows that

ZYX is evaluating a project that would require an initial investment of $75,000 today. The project is then expected to produce annual cash flows that grow by 3.20 percent per year forever. The first annual cash flow is expected in 1 year and is expected to be $6,300. The project's internal rate of return is 11.60 percent and its cost of capital is 8.10 percent. What is the net present value (NPV) of the project?

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