A project costs $20,000 today and is expected to return 20% before corporate income taxes. The appropriate after-tax cost of capital is 12%, and the firm pays taxes at the marginal rate of 35%.
What is the project's NPV? Round your answer to the nearest dollar.

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The Answer of A project costs $20,000 today and is expected to return 20% before corporate income taxes. The appropriate after-tax cost of capital is 12%, and the firm pays taxes at the marginal rate of 35%.
What is the project's NPV? Round your answer to the nearest dollar.

A Project Costs $20,000 Today and Is Expected to Return