Question

Compute the NPV statistic for Project Y if the appropriate cost of capital is 11 percent. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your final answer to 2 decimal places.)

Project Y
Time: 0 1 2 3 4
Cash flow: $8,100 $3,370 $4,200 $1,540 $320
NPV = _