What is the NPV of a project that costs $12,000 today and another $7,000 in...

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Accounting

What is the NPV of a project that costs $12,000 today and another $7,000 in one year, and is then expected to generate 10 annual cash inflows of $3,000 starting at the end of year 4. Use discount rate of 11%. Round to the nearest cent. [Hint: There are two outflows here, today and year 1. You will need to discount the year 1 cost at the project's discount rate when calculating PV(outflows).]

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