3. .. ons Merrill Corp. has the following information available about a potential capital investment Initial investment Annual net income Expected life Salvage value Merrill's cost of capital $1,500,000 150,000 160,000 10% Assume straight line depreciation method is used. Required: 1. Calculate the project's net present value. 2. Without making any calculations, determine whether the internal rate of return 3. Calculate the net present value using a 13 percent discount rate. 4. Without making any calculations, determine whether the internal rate of retum is more or less than 10 percent is more or less then 13 percent