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A company is considering a 2-year project with the following cash flows: Initial investment:...

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Accounting

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A company is considering a 2-year project with the following cash flows: Initial investment: $800 Cash inflow, year 1: $620 Cash inflow, year 2: $910 Salvage value, year 2: $200 The company uses straight-line depreciation to depreciate the initial investment cost. In other words, annual depreciation is (initial investment - salvage value)/2. The company's discount rate is 10%. What is the Net Present Value of this project? (Use the present values tables at the beginning of the exam for any present value calculations. Don't round intermediate calculations. Round your final answer to the nearest dollar.)

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