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Cricket World Cup (CWC) is considering a project proposal which requires an initial investment of...

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Accounting

Cricket World Cup (CWC) is considering a project proposal which requires an initial investment of $72,625 and it is expected to have net cash flows of $15,000 per year for 8 years. The firm cash flows are discounted at a rate of 12 percent. a. What is the projects Net Present Value (NPV)? (Rounded to 2 decimal places) b. What is the projects discounted payback period? (Rounded to 2 decimal places. (Total 6 points)

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