Calculate the Net Present Value for the project that requires an investment of $91,347, has the estimated returns given in the following table, and must meet a minimum acceptable rate of return of 15%:
|
Year
|
1
|
2
|
3
|
4
|
5
|
|
Cash Flow
|
$23,456
|
$24,567
|
$26,435
|
$27,412
|
$28,490
|