You have an opportunity to invest $107,000 now in return for $79,700 in one year and $29,800 in two years. If your cost of capital is 8.7%​, what is the NPV of this​ investment?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 5PA: Falkland, Inc., is considering the purchase of a patent that has a cost of $50,000 and an estimated...
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You have an opportunity to invest
$107,000
now in return for
$79,700
in one year and
$29,800
in two years. If your cost of capital is
8.7%​,
what is the NPV of this​ investment?
 
 
 
The NPV will be
​(Round to the nearest​ cent.)
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