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  3. a project requires a $33,000 initial investment an

A project requires a $33,000 initial investment and is expected to generate end-of-period annual cash...

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Accounting

A project requires a $33,000 initial investment and is expected to generate end-of-period annual cash inflows as follows: Year 1 Year 2 Year 3 Total $ 13,200 $ 8,600 $ 11,200 $ 33,000 Assuming a discount rate of 12%, what is the net present value (rounded to the nearest whole dollar) of this investment? Selected present value factors for a single sum are shown in the table below: i = 12% i = 12% i = 12% n = 1 n = 2 n = 3 0.8929 0.7972 0.7118

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