Homework #6B (NPV) Finance This set of problems is designed to be calculated usi

Homework #6B (NPV)
Finance
This set of problems is designed to be calculated using the Excel or financial calculator. Do not use financial tables to calculate these problems.
Question 3 (1 point)
Green Landscaping, Inc. is using net present value (NPV) when evaluating projects. Green Landscaping’s cost of capital is 12.20 percent. What is the NPV of a project if the initial costs are $2,209,640 and the project life is estimated as 7 years? The project will produce the same after-tax cash inflows of $494,628 per year at the end of the year.
Round the answer to two decimal places.
Your Answer:

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