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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 $ 14,500 $ 15,500 $ 14,500 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

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