Green landscaping inc is using net present value npv when


Green Landscaping, Inc. is using net present value (NPV) when evaluating projects. Green Landscaping’s cost of capital is 6.47 percent. What is the NPV of a project if the initial costs are $2,117,080 and the project life is estimated as 9 years? The project will produce the same after-tax cash inflows of $698,053 per year at the end of the year.

Round the answer to two decimal places.

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Financial Management: Green landscaping inc is using net present value npv when
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