Find the net present value (NPV) for the following series of future cash flows, assuming the company’s cost of capital is 10.19 percent. The initial outlay is $471,448. Year 1: 191,637 Year 2: 128,236 Year 3: 161,255 Year 4: 138,369 Year 5: 190,517 Round the answer to two decimal places in percentage form.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Find the net present value (NPV) for the following series of future cash flows, assuming the company’s cost of capital is 10.19 percent. The initial outlay is $471,448.

Year 1: 191,637

Year 2: 128,236

Year 3: 161,255

Year 4: 138,369

Year 5: 190,517

Round the answer to two decimal places in percentage form.

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