please answer with explanation, computation and formulation and steps thanks please answer in text not image      Wayne company is considering a long-term investment project called zip zip, will require an investment of a $120000. That will have a useful life of 4 years and no salvage value. And annual cash inflows would increase 80000 annual cash offlies would increase by 40000 the company's required rate of return is 12%   Calculate the net present value on this project

Managerial Accounting: The Cornerstone of Business Decision-Making
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Chapter12: Capital Investment Decisions
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Wayne company is considering a long-term investment project called zip zip, will require an investment of a $120000. That will have a useful life of 4 years and no salvage value. And annual cash inflows would increase 80000 annual cash offlies would increase by 40000 the company's required rate of return is 12%

 

Calculate the net present value on this project

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