Cooney Inc. has provided the following data concerning a proposed investment project (Ignore income taxes.): Initial investment Life of the project Annual net cash inflows Salvage value $160,000 4 years $ 70,000 $ 16,000 The company uses a discount rate of 17%. Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided. Required: Compute the net present value of the project. Essay Toolbar navigation B I v S E 3 3 3 3 3 - A - A