9 Byerly Corporation has provided the following data concerning an investment project that it is considering: Initial investment Working capital Annual cash flow Salvage value at the end of the project Expected life of the project Discount rate $670,000 61,000 227,000 per year 20,000 years 10% Click here to view Exhibit 138-1 and Exhilbit 13B-2, to determine the appropriate discount factor(s) using the tables provided The working capital would be released for use elsewhere at the end of the project. The net present value of the project is closest to: Multiple Choice 9 $(151,658) $(105,847) $11,000 o $(44,847) Penniston Corporation is considering a capital budgeting project that would require an initial investment of $630,000 and working capital of $73,000. The working capital would be released for use elsewhere at the end of the project in 3 years. The investment would generate annual cash inflows of $228,000 for the life of the project. At the end of the project, equipment that had been used in the project could be sold for $29,000. The company's discount rate is 12%. The net present value of the project is closest to: Click here to view Exhibit 138-1 and Exhibit 138-2, to determine the appropriate discount factorfs) using the tables provided. Multiple Choice $(134,696) $(82.720) $9.720