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Apollo Machines is considering a 4-year project with an initial cost of $200,000. The equipment...

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Finance

Apollo Machines is considering a 4-year project with an initial cost of $200,000. The equipment depreciation is straight-line to zero over the life of the project. The firm believes that they can sell the equipment for the salvage value of $50,000 at the end of the project. The tax rate is 21%. The project requires no additional working capital over the life of the project. Annual after-tax operating cash flows are $55,000. Assuming a required rate of return of 10%, what is the NPV of this project? Answer without a $ sign, without a + or sign, and to two decimal places

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