Question: Project X has an expected cash outflow at time zero of 1,031 and has the following projected cash inflows over the next six years:
|
Year
|
Amount
|
|
1
|
115
|
|
2
|
222
|
|
3
|
339
|
|
4
|
443
|
|
5
|
509
|
|
6
|
670
|
The company's weighted average cost of capital is 7.5%. What is the net present value of this project?