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(Ignore income taxes). Dunay Corporation is considering investing $510,000 in a project. The life of the project would be 4 years. The project would require
(Ignore income taxes). Dunay Corporation is considering investing $510,000 in a project. The life of the project would be 4 years. The project would require additional working capital of $24,000 which would be released for use elsewhere at the end of the project. The annual net cash inflows would be $162,000. The salvage value of the assets used in the project would be $41,000. The company uses a discount rate of 10%.
COMPUTE THE NET PRESENT VALUE OF THE PROJECT.
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