Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects of this risk class is 11 percent, and that the maximum allowable payback and discounted payback statistics for your company are 3.0 and 3.5 years, respectively.
Time: 0 1 2 3 4 5 Cash flow -$352,000 $66,500 $84,700 $141,700 $122,700 $81,900
Use the NPV decision rule to evaluate this project. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your final answer to 2 decimal places.) NPV $ Should it be accepted or rejected? Accepted Rejected
Looking for the NPV $
Also the last person that tried to solve this was incorrect and gave answers of $361,761. The answer needs to be rounded 2 decimal places.
And if you could show how you got this answer because I have other similar problems like this.