A project is expected to create operating cash flows of $37,600 a year for 3 years....

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A project is expected to create operating cash flows of $37,600a year for 3 years. The initial cost of the fixed assets is$98,000. These assets will be worthless at the end of the project.Also, $3,200 of net working capital will be required throughout thelife of the project. What is the project's net present value if therequired rate of retum is 14 percent?

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A project is expected to create operating cash flows of $37,600a year for 3 years. The initial cost of the fixed assets is$98,000. These assets will be worthless at the end of the project.Also, $3,200 of net working capital will be required throughout thelife of the project. What is the project's net present value if therequired rate of retum is 14 percent?

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