ABC Company is analyzing an investment project. The following information is available concerning this project: Initial investment ....................... $250,000 Working capital needed now ............... $ 36,000 Salvage value of equipment in 8 years .... $ 10,000 Annual net cash inflows .................. $120,000 Equipment repair in year 5 ............... $ 33,000 Life of project .......................... 8 years Cost of capital .......................... 10% Income tax rate .......................... 30% Assume the working capital needed now will be released for investment elsewhere at the end of the project. Calculate the net present value of the investment project. To answer this question use the present value table factors given below. No credit will be awarded for this question using a means other than the table factors given below to answer this question. Factors from the present value of a lump sum table for: i = 10% n = 4 n = 5 n = 6 n = 7 n = 8 0.683 0.620 0.565 0.513 0.467 Factors from the present value of an annuity table for: i = 10% n = 4 n = 5 n = 6 n = 7 n = 8 3.170 3.790 4.355 4.868 5.335