Question

Consider the Obsidian Project, which requires an investment of $406,333 initially, with subsequent cash flows of...

Consider the Obsidian Project, which requires an investment of $406,333 initially, with subsequent cash flows of $55,626, $70,142 and $90,527. We can characterize the project with the following end-of-year cash flows:

Period Cash Flow
0 (406,333)
1 55,626
2 70,142
3 90,527

What is the net present value (NPV) of the Obsidian Project if the required rate of return for the project is 10%?

Round your answer to 2 decimal places (e.g. 125.74632 = 125.75).

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