Kendall Corporation is considering a project that would require an initial investment of $720,000 and would have a useful life of 6 years. The annual net cash receipts would be $315,000. The salvage value of the assets used in the project would be $115,000. The companys tax rate is 30%. For tax purposes, the entire initial investment without any reduction for salvage value will be depreciated over 6 years. The company uses a discount rate of 19%.

Required Compute the net present value of the project by inputting the variables that are entered into your calculator / Excel. (If a variable is not used inthe calculation, input a zero (0). Omit the "S" and "%" signs in your response.) Round answers to the nearest dollar and use a minus sign( for negative numbers. Excel / calculator input: Interest Rate Rate, I, IYR) Nper, N PMT PV FV Net present value