Juliar Inc. has provided the following data concerning a proposed investment project: (Ignore income taxes.)

Initial investment	$	370,000
Life of the project		11 years
Annual net cash inflows	$	54,000
Salvage value	$	44,000

The company uses a discount rate of 8%.

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=

Information needed:

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

PVA of $1 - http://lectures.mhhe.com/connect/0078025419/Exhibit/Exhibit%2011B-2.JPG

** please use numbers exactly from the tables.