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  3. a project requires a $45,000 initial investment an

A project requires a $45,000 initial investment and is expected to generate end-of-period annual cash...

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Accounting

A project requires a $45,000 initial investment and is expected to generate end-of-period annual cash inflows of $20,500 for each of three years. Assuming a discount rate of 11%, what is the net present value of this invesstment? Selected present value factors for a single sum are shown in the table below:
i=11%,i=11%,i=11%
n=1,n=2,n=3
0.9009,0.8116,0.7312
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