Monroe, Inc, is evaluating a project. The company uses 13.8 percent discount rate for this project. cost and cash flows are shown in the table. What is the NPV of the project?
year. Project
0. ($11,368,000)
1. $2,187,590
2. $3,787,552
3. $3,150,650
4. $4,115,899
5. $4,556,424