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  3. a project requires a $37,000 initial investment an

A project requires a $37,000 initial investment and is expected to generate end-of-period annual cash...

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Accounting

A project requires a $37,000 initial investment and is expected to generate end-of-period annual cash inflows as follows:

Year 1 Year 2 Year 3
$ 16,500 $ 17,500 $ 16,500

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 = 3
0.8929 0.7972 0.7118

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