E11-3 (Algo) Calculating Net Present Value, Internal Rate of Return [LO 11-3, 11-4] Merrill Corporation has the following information avallable about a potentlal capital Investment: Assume straight Ine depreclation method is used. Required: 1. Calculate the project's net present value. (Future Value of $1,Present Value of $1, Future Value Annulty of $1, Present Value Annulty of $1.) Note: Use approprlate factor(s) from the tables provided. 2. Without making any calculations, determine whether the Internal rate of return (IRR) Is more or less than 7 percent. 3. Calculate the net present value using a 14 percent dlscount rate. , Present Value of $1, Future Value Annulty of $ Present Value Annulty of $1. Note: Use approprlate factor(s) from the tables provlded. 4. Without making any calculations, determine whether the Internal rate of return (IRR) is more or less than 14 percent. Complete this question by entering your answers in the tabs below. 1. Calculate the project's net present value. Note: Do not round intermediate calculations. Round the final answer to nearest whole dollar. 2. Without making any calculations, determine whether the internal rate of return (IRR) is more or less than 7 percent