5. Czlapinski Corporation is considering a capital budgeting project that would require an initial investment of $440,000 and working capital of $32,000. The working capital would be released for use elsewhere at the end of the project in 4 years. The investment would generate annual cash inflows of $147,000 for the life of the project. At the end of the project, equipment that had been used in the project could be sold for $11,000. The company's discount rate is 7%. Show calculations to defend your answer. The net present value of the project is: 6. Kingsolver Corporation has provided the following data concerning an investment project that it is considering: Initial investment Working capital Annual cash flow $450,000 $16,000 $133,000 per year $6,000 Salvage value at the end of the project Expected life of the project Discount rate 3 years 8% The working capital would be released for use elsewhere at the end of the project. The net present value of the project is. Show calculations to defend your