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Mattice Corporation is considering investing $ 7 2 0 , 0 0 0 in a project. The life of the project would be 1 1

Mattice Corporation is considering investing $720,000 in a
project. The life of the project would be 11 years. The project
would require additional working capital of $22,000, which would be
released for use elsewhere at the end of the project. The annual
net cash inflows would be $154,000. The salvage value of the assets
used in the project would be $32,000. The company uses a discount
rate of 18%.(Ignore income taxes.) Click here to view Exhibit
14B-1 and Exhibit 14B-2, to determine the appropriate discount
factor(s) using the tables provided. Required: Compute the net
present value of the project. (Negative amount should be indicated
by a minus sign. Round your intermediate calculations and final
answer to the nearest whole dollar amount.)

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