Problem:
GDebi Enterprises is thinking of building a chemical processing plant to produce 4-hydroxy-3-methoxybenzaldehyde. The firm estimates that the initial cost of the project will be $14.8 million, and the plant will produce cash inflows of $6.5 million for the next 5 years, after which time the project will terminate. In the 6th year however, the firm will need to clean up the site, which it estimates will cost it $3.3 million. The discount rate the firm wants to use for the project is 13.7 percent.
Requirement:
Question: What is the NPV of this project?
Note: Please provide through step by step calculations.