bake-aroo, famous for their carrot cake, has decided to sell their industrial carrot shredder and create an immediate cash flow of $740. the sale of the equipment will however require that the bakery now manually shred their own carrots at a cost of $290 at the end of each year, beginning in one year, that'll continue for a total of 3 consecutive years. calculate the npv of this project given a required rate of return of 15%.
