You are evaluating a project with the following cash flows i

You are evaluating a project with the following cash flows: initial investment is $-17, and the expected cash flows for years 1 - 3 are $8, $13 and $18 (all cash flows are in millions of dollars). What is this projects NPV? The company\'s WACC is 12%.

Year Cash Flow (million) PV @ 12% Present Value (million) 0 -$17.00 1.0000 -$17.00 1 $8.00 0.8929 $7.14 2 $13.00 0.7972 $10.36 3 $18.00 0.7118 $12.81 NPV $13.32