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Dunay Corporation is considering investing $915,000 in a project. The life of the project would be 7 years. The project would require additional working capital

Dunay Corporation is considering investing $915,000 in a project. The life of the project would be 7 years. The project would require additional working capital of $40,000, which would be released for use elsewhere at the end of the project. The annual net cash inflows would be $190,000. The salvage value of the assets used in the project would be $50,000. The company uses a discount rate of 12%. (Ignore income taxes.) What is the net present value of the project. Please use these tables to assist you: http://lectures.mhhe.com/connect/0078111005/Exhibit/Exhibit%2013B-1.jpg http://lectures.mhhe.com/connect/0078111005/Exhibit/Exhibit%2013B-2.jpg Thank you

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