Dunay Corporation is considering investing $890,000 in a project. The life of the project would be 7 years. The project would require additional working capital of $39,000, which would be released for use elsewhere at the end of the project. The annual net cash inflows would be $188,000. The salvage value of the assets used in the project would be $49,000. The company uses a discount rate of 12%. (Ignore income taxes.)

Click here to view Exhibit 11B-1 and Exhibit 11B-2, to determine the appropriate discount factor(s) using tables.