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Chick - Mattice Corporation is considering investing $825,000 in a project. The life of the project would be 10 years. The project would require

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Chick - Mattice Corporation is considering investing $825,000 in a project. The life of the project would be 10 years. The project would require additional working capital of $22.000, which would be released for use elsewhere at the end of the project. The annual net cash inflows would be $154,000. The salvage value of the assets used in the project would be $32.000. The company uses a discount rate of 15% (Ignore income taxes.] Click here to view Exhibit 128-1 and Exhibit 128.2. to determine the appropriate discount factors) using the tables provided Required: Compute the net present value of the project. (Negative amount should be indicated by a minus sign. Round your intermediate calculations and final answer to the nearest whole dollar amount.)

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