Problem:
Fox, Inc. is considering a six-year project that has initial after-tax outlay or after-tax cost of $170,000. The future after-tax cash inflows from its project for years 1 through 6 are $45,000 for each year. Fox uses the net present value method and has a discount rate of 11.25%.
Required:
Question: Calculate the NPV of the project. Will Fox accept the project? Please show step by step, last response was incorrect.
Note: Show step by step solution and I also want complete calulation.