A company is considering a new project that requires an initial investment of $500,000. The project is expected to generate cash flows of $150,000 in Year 1, $200,000 in Year 2, and $250,000 in Year 3. The company has a discount rate of 10% and plans to calculate the Net Present Value (NPV) of the project. One of the considerations is the working capital requirements, which amount to $50,000 upfront and will be recovered in Year 3.
Based on the information provided, what will be the project's NPV considering the cash flows, initial investment, and working capital recovery?