Question: A firm evaluates all of its projects by applying the NPV decision rule. A project under consideration has the following cash flows:
| Year |
Cash Flows |
| 0 |
-3529 |
| 1 |
1175 |
| 2 |
2269 |
| 3 |
1907 |
What is the NPV for the project if the required return is 11 percent? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))