Middlefield Motors is evaluating a project that would cost 6,800 dollars today. The project is expected to have the following other cash flows: 2,690 dollars in 1 year, -2,490 dollars in 2 years, and 6,960 dollars in 4 years. The cost of capital of the project is 8.05 percent. What is the net present value of the project?
Please show your step by step work