A project has an initial cost of $70,925, expected net cash inflows of $11,000 per year for 11 years, and a cost of capital of 8%. What is the project's NPV? (Hint: Begin by constructing a time line.) Do not round your intermediate calculations. Round your answer to the nearest cent.Jeff owns a book company. It costs $10.00 to produce a new book and the company wants a 30% profit, so he charges $13.00 for the book. Jeff is using what type of pricing approach?
demand backward pricing
cost-plus pricing
forward pricing
odd-even pricing
prestige pricing