A potential investment requires an initial cash outlay of $577,500 and has a useful life of 11 years. Annual cash receipts from the investment are expected to be $220,000. The salvage value of the investment is expected to be $55,000. The companys tax rate is 35%. The entire initial cash outlay (without any reduction for salvage value) will be depreciated over 11 years. Assume a discount rate of 18%.

Show your Excel input and calculated net present value after-tax. (If a variable is not used in the calculation, input a zero (O). Omit the "$" and "%" signs in your response. Round answers to the nearest dollar and use a minus sign - ) for negative numbers.) Excel input: 1% Rate Nper PMT $ PV FV Net present value Required: Show your Excel input and calculated internal rate of return after-tax. (If a variable is not used in the calculation, input a zero (O). Omit the "$" and "%" signs in your response. Round answers to the nearest dollar / whole number and use a minus sign (-) for negative numbers.) Excel / calculator input: Rate Nper PMT iiio PV $ $ $ FV Internal Rate of Return (IRR) %