Exhibit 11B-1 http://lectures.mhhe.com/connect/0078025419/Exhibit/Exhibit%2011B-1.JPG

Exhibit 11B-2 http://lectures.mhhe.com/connect/0078025419/Exhibit/Exhibit%2011B-2.JPG

Net present value=160,190 is an incorrect answer

15 You did not receive credit for this question in a previous attempt Juliar Inc. has provided the following data concerning a proposed investment project (ignore income taxes.) 130,000 Initial investment Life of the project 16 years 30,000 Annual net cash inflows 20,000 Salvage value The company uses a discount rate of 7% Click here to view Exhibit 11B-1 and Exhibit 11B-2, to determine the appropriate discount factor(s) using tables. Required: Compute the net present value of the project. (Negative amount should be indicated by a minus sign. Round discount factor(s) to 3 decimal places, intermediate and final answers to the nearest dollar amount.) Net present value 160,190