Horizon Inc. is analyzing the desirability of a capital expenditure that will allow them to produce and sell a new product. They have a required return of 11.5%, and have estimated the project will have an initial investment and incremental after-tax annual cash flows as shown below:
Year Cash Flow
0 - $365,000
1 60,000
2 95,000
3 182,000
4 250,000
What is the Net Present Value (NPV) for this project?
[Enter your solution rounded to the nearest whole number.]
