Your firm is looking at a new investment opportunity, Project Alpha, with net cash flows as follows:
Net Cash Flows
Project Alpha
Initial Cost at T - 0 (Now.......................($10,000)
cash inflow at the end of year 1.................$6,000
cash inflow at the end of year 2.................$4,000
cash inflow at the end of year 3.................$2,000
Calculate project Alpha's Net Present Value (NPV), assuming your firm's required rate of return is 10%.