If the appropriate cost of capital quoted interest rate is


You are offered an investment with returns of $ 1,751 in year 1, $ 4,223 in year 2, and $ 5,877 in year 3. The investment will cost you $ 5,111 today. If the appropriate Cost of Capital (quoted interest rate) is 9.6 %, what is the Net present Value of the investment? Enter your answer to the nearest $.01. Do not use the $ sign or commas in your answer. If the NPV is negative, use the - sign.

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Financial Management: If the appropriate cost of capital quoted interest rate is
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