A company's cost and revenue information is as following: Cost of special equipment $160,000 Working capital required 100,000 Relining equipment in 3 years 30,000 Salvage value of equipment in 5 years 5,000 Annual cash revenue and costs: Sales revenue from parts $750,000 Cost of parts sold $400,000 Salaries, shipping, etc. $270,000 At the end of five years, the working capital will be released and may be used elsewhere by Mattson. Mattson uses a discount rate of 10%. Present Values Needed for this Question: 1-5 years from now (a series of equal cash flows) = 3.791 3 years from now (single cash flow) = .751 5 years from now (single cash flow) = .621 What is the net present value of this project? 13