What is the equation for the bolded item?

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter12: Capital Investment Analysis
Section: Chapter Questions
Problem 3BE
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Net present value (NPV) of the project =Single payoff x PVIAF (10.20%, 9 years) - initial outlay What is the equation for the bolded item?

=  $6,947 x 0.42340 - $2,182

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