Green Landscaping, Inc. is using net present value (NPV) when evaluating projects. Green Landscaping’s cost of capital is 7.03 percent. What is the NPV of a project if the initial costs are $1,415,854 and the project life is estimated as 8 years? The project will produce the same after-tax cash inflows of $467,188 per year at the end of the year.
Round the answer to two decimal places.
