A given project requires a $29,602 investment and is expected to generate end of period annual cash flows as follows:
Year 1 | Year 2 | Year 3 |
$14,944 | $8,000 | $10,000 |
Assuming a discount (interest) rate of 10%, what is the net present value of this investment? Use the table in your book and do not round the numbers from the table. You can round your answer to the nearest dollar, but do not include a dollar sign in your answer. If your answer is negative, include a negative sign before the number (for example, -3000).
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