1) A small company purchased now for $23,000 will lose $1,200 each year for the first four years. An additional $8,000 is invested in the company during the fourth year will result in a profit of...

Extracted text: 1) A small company purchased now for $23,000 will lose $1,200 each year for the first four years. An additional $8,000 is invested in the company during the fourth year will result in a profit of $5,500 each year from the fifth through to fifteen year. At the end of 15 year the company can be sold for $33,000. The desired rate of return is 15%. A) Calculate the NPV of the project.*