Mattice Corporation is considering investing $790,000 in a project. The life of the project would be 6 years. The project would require additional working capital of $29,000, which would be released for use elsewhere at the end of the project. The annual net cash inflows would be $168,000. The salvage value of the assets used in the project would be $39.000. The company uses a discount rate of 13%. (Ignore income taxes.) Click here to view Exhibit 138-1 and Exhibit:13B-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.) Net present value EXHIBIT 130 Prentals of St. 15% Periods 45 6 7 9% TON 11% 1213% 10% 17% 18 19 20 21 22 1 23 24 25 0.962 0.952 0.943 0.035 0.926 0917 0.000 0.901 0893 0.385 0.77 0.870 0362 0.855 0.347 0.840 0.833 0.026 08200013 0106 0000 2 0.925 0.907 0.890 0.873 0,857 0,342 0.826 0.812 0.797 0.783 0.769 0.756 0.743 0.731 0.7180.706 0.694 0.003 0.672 0.061 0.650 0.610 0.889 0.864 0.340 0.816 0.794 0.772 0.751 0.731 0.712 0,693 0.675 0.65 0.641 0.624 0.000 0.593 0579 0.564 0551 0.537 0.524 0.512 4 0.855 0.823 0.792 0.763 0.735 0.708 0.683 0.659 0.636 0.613 0.592 0.572 0.552 0534 0.516 0.400 0.482 0.467 0,451 0.437 0.423 0.410 5 0.822 0.784 0.747 0.713 0681 0.650 0.621 0.593 0.567 0.543 0.519 0.497 0.476 0.456 0.437 0419 0.402 0.386 0.370 0.355 0.341 0.328 5 0.790 0.746 0.705 0.666 0.630 0.506 0.564 0.535 0.507 0.40 0.456 0432 0 410 0.390 0.370 0.352 0.335 0.310 0.303 0.280 0.375 0.262 7 0.760 0.711 0.665 0.623 0.583 0547 0.513 0482 0.452 0425 0.400 0376 0.354 0333 0314 0.296 0.279 0263 0.249 0.235 0.222 0.210 8 0.731 0.677 0.627 0582 0.540 0.502 0.467 0.434 0,404 0.376 0.351 0.327 0.305 0.285 0.266 0.249 0.233 0218 0 204 0.191 0.179 0.158 9 0.703 0.645 0.592 0.544 0.500 0.460 0.424 0.391 0 361 0333 0308 0 284 0.263 0243 0.225 0.209 0194 0180 0.157 0.155 0.144 0.134 10 0.676 0.614 0.558 0.508 0.463 0.422 0.386 0 352 0322 0.295 0270 0247 0.227 0.20 0.191 0.176 0.162 0.149 0.137 0.125 0.116 0.107 11 0.650 0.585 0.527 0.475 0.429 0.388 0.350 0.317 0.287 0.261 0.237 0.215 0.195 0.17 0.162 0.148 0.135 0.123 0.112 0.103 0.094 0.006 12 0.625 0.557 0.497 0.444 0.397 0.356 0.319 0.286 0.257 0 231 0.208 0.187 0.168 0.152 0.137 0.124 0 112 0.102 0.092 0083 0.076 0.060 13 0.601 0.530 0.469 0.415 0.368 0.326 0 290 0.258 0229 0.204 0.182 0.163 0.145 0.130 0.116 0.104 0.093 0.084 0.075 0068 0.061 0055 14 0.577 0.505 0.442 0,388 0.340 0.299 0.263 0232 0.205 0181 0.160 0.141 0.125 0.111 0.099 0088 0.078 0,069 0.062 0.055 0.049 0.044 15 0.555 0.481 0.417 0.362 0.315 0.275 0.239 0.209 0.183 0.160 0.140 0 123 0.108 0.095 0.084 0074 0.065 0,057 0051 0.045 0.040 0.035 16 0.534 0.458 0,394 0.339 0.292 0.252 0218 0.188 0.163 0.141 0.123 0.107 0.003 0.081 0.07 0.062 0054 0.047 0.042 0.036 0.032 0.028 17 0.513 0.436 0.371 0.317 0.290 0.231 0.198 0.170 0.146 0.125 0.108 0.093 0.00 0.00 0.060 0,052 0.045 0.039 0.034 0030 0.025 0.023 0.494 0.416 0.350 0.296 0.250 0212 0.180 0.153 0.130 0.111 0.005 0.081 0.069 0.059 0051 0044 0038 0.032 0,028 0.024 0.021 0.018 19 0.475 0.396 0.331 0.277 0.232 0.194 0 164 0138 0.116 0.098 0.083 0.070 0 060 0.051 0.043 0.037 0.031 0.027 0.023 0.020 0017 0.014 20 0.456 0.377 0.312 0.258 0.215 0.178 0.149 0124 0.104 0.087 0.073 0.051 0.051 0.043 0.037 0.031 0.025 0.022 0.019 0.016 0.014 0.012 21 0.439 0.359 0.294 0.242 0.199 0.164 0.135 0.112 0.093 0077 0.064 0.053 0.044 0.037 0.031 0.026 0.022 0.018 0.015 0.013 0.011 0.000 22 0.422 0.342 0.278 0.226 0.184 0.150 0.123 0.101 0.083 0.068 0.056 0.046 0038 0.032 0.026 0.022 0018 0.015 0.013 0011 0.009 0.007 23 0.406 0.326 0.262 0.211 0.170 0.138 0.112 0.091 0.074 0.060 0.049 0.040 0033 0.027 0.022 0.018 0,015 0,012 0010 0.009 0.007 0.006 24 0.390 0.310 0.247 0.197 0.158 0.126 0.102 0.002 0.056 0053 0.043 0.035 0.028 0.023 0.019 0015 0.013 0.010 0.000 0.007 0.005 0.005 25 0.375 0.295 0.233 0.184 0.146 0.116 0.092 0.074 0.059 0.047 0.038 0.030 0.024 0.020 0.016 0.013 0.010 0.009 0.007 0.005 0.005 0.004 26 0.361 0.281 0.220 0.172 0.135 0.106 0.084 0.066 0.053 0.042 0.033 0.025 0.021 0.017 0.014 0.011 0.000 0.007 0.006 0.005 0.004 0.003 27 0.347 0.268 0.207 0.161 0.125 0.09B 0.076 0.060 0.047 0.037 0.029 0.023 0.018 0.014 0.011 0.009 0.007 0.005 0.005 0.004 0.003 0.002 28 0.333 0.255 0.196 0.150 0.116 0.090 0.069 0.054 0.042 0.033 0.025 0.020 0.016 0012 0.010 0.008 0.006 0.005 0.004 0.003 0.002 0.002 0 321 0.243 0.185 0.141 0.107 0.082 0.063 0048 0.037 0.029 0,022 0.017 0.014 0.011 0.008 0.005 0.005 0004 0.003 0.002 0.002 0.002 30 0 308 0.231 0.174 0.131 0.099 0.075 0,057 0044 0.033 0.026 0.020 0015 0.012 0.000 0.007 0.005 0.004 0.003 0.003 0.002 0.002 0.001 40 0208 0.142 0097 0.067 0.046 0.032 0.022 0.015 0.011 0.008 0.005 0.004 0.003 0.002 0.001 0.001 0.001 0.000 0.000 0.000 0.000 0.000 EXHIBIT 130-2 Present Value of an Annuity of $1 in Arrears, (1+ Periods 45 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 5% 6% 75 8% 9% 10% 11% 12% 13% 14% 15% 16% 17% 18% 19% 20% 21% 22% 23% 24% 25% 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.901 0.893 0.885 0.877 0.870 0.862 0.855 0 847 0.840 0.833 0826 0.020 0.813 0 806 0.800 1.886 1.859 1.833 1808 1.783 1759 1736 1713 1.690 1668 1647 1626 1605 1585 1566 1547 1.528 1.500 1.492 1474 1457 1.440 2.775 2.723 2673 2624 2577 2531 2.487 2444 2.402 2361 2.322 2283 2246 2210 2.174 2.140 2.106 2074 2042 2.011 1.981 1.952 3.6303,546 3.4653387 3312 3.240 3.170 3 102 3037 2974 2914 2855 2.798 2.743 2.690 2,639 2.589 2.540 2494 2.448 2404 2.362 4.452 4.329 4212 4.100 3.993 3.890 3.791 3.696 3.605 3517 3.433 3.352 3274 3.199 3.127 3.058 2.991 2926 2.864 2.803 2.745 2.689 5242 5,076 4.912 4.767 4.623 4.486 4355 4.231 4.111 3.998 3.889 3.784 3.685 3.589 3.498 3.410 3.326 3.245 3.167 3.092 3.020 2951 6.002 5.786 5,582 5.389 5.206 5,033 4,868 4712 4,564 4423 4288 4160 4,039 3922 3812 3.706 3.605 3.508 3416 3.327 32423.161 6.733 6.463 6210 5.971 5.747 5.535 5.335 5.146 4.968 4.790 4639 4.487 4 344 4.207 4078 3.954 3.837 3.726 3.610 3.518 3421 3.329 7.435 7.108 6.802 6515 6.247 5.995 5.759 5537 5 328 5.132 4 946 4772 4602 4451 4303 4 163 4031 3005 3.786 3.673 3.566 3.463 8.111 7.722 7.360 7024 6.710 6.418 6.145 5.889 5650 5.426 5.216 5019 4833 4659 4494 4339 4.192 4054 3.923 3.799 3.682 3.571 8.760 8.306 7.887 7.499 7.139 6.805 6.495 6.207 5.938 5687 5.453 5 234 5029 48364656 4,486 4327 4.177 4.035 3.902 3776 3.656 9.385 8.863 384 7943 7536 7.161 6.814 6.492 6.194 5,918 5660 5421 5.197 4988 4793 4611 4.439 4278 4.127 3.985 3.051 2725 9.986 9.394 8.853 8.358 7904 7487 7.103 6.750 6.424 6.122 5842 5583 5.342 5 118 4.910 4715 4.533 4 362 4 203 4.053 3.912 3780 10.563 9,899 9.295 8.745 8.244 7.786 7.367 6982 6,628 6.302 6002 5 724 5.468 5229 5.000 4802 4,611 4.432 4.265 4.108 3.962 3.824 11.118 10.380 9.712 9.108 8.559 8.061 7.606 7.191 6.811 6.462 6.142 5847 5.575 5 324 5.092 4.876 4.675 4489 4.315 4.153 4001 3850 11.652 10.838 10.106 9.447 8.851 8.313 7824 7379 6974 6,604 6.265 5 954 5.668 5.405 5.162 4938 4.730 4536 4 357 4.189 4.033 3887 12.166 11 274 10.477 9.763 9.122 8544 3.022 7.549 7.120 6.729 6.373 6047 5.749 5.475 5.222 4.990 4.775 4576 4 391 4.219 4059 3910 12.659 11.690 10.828 10.059 9.372 8.756 8.201 7.702 7.250 6 840 6.467 6.128 5818 5 534 5.273 5033 4.812 4.608 4.419 4.243 4.080 3928 13.134 12.065 11.158 10 336 9.604 8.950 8.365 7839 7366 6.938 6.550 6.198 5877 55845 316 5.070 4.843 4 635 4.442 4.263 4.097 3942 13590 12.462 11.470 10.594 9.818 9.129 8.514 7.963 7.469 7.025 6623 6.259 5.929 5.628 5.353 5.101 4.870 4657 4.460 4.279 4.110 3,954 14.029 12.821 11.764 10.836 10 017 9.292 8.649 8,075 7562 7 102 6 687 6312 5.973 5,665 5.384 5.127 4.891 4675 4.476 4 292 4.121 3.963 14.451 13.163 12.042 11.061 10.201 9.442 8.772 8.1767645 7170 6.743 6 359 6011 5,696 5.410 5.149 4.909 4690 4.488 4.302 4.130 3.970 14.857 13.489 12.303 11.272 10.371 9.580 8.883 8 266 7.718 7.230 6792 6 399 6044 5.723 5.432 5.167 4925 4.703 4.499 4311 4.137 2976 15 247 13.799 12.550 11.469 10.529 9.707 8.985 8.348 7784 7.283 6835 6.434 6,073 5.746 5.451 5.182 4.937 4.713 4507 4.318 4.143 3.981 15.622 14.094 12.783 11.654 10.675 9.823 9.077 8.422 7.843 7330 6.873 6.464 6.097 5.766 5.467 5.195 4 948 4.721 4514 4.323 4.147 3.985 15.983 14.375 13.003 11.826 10.810 9929 9.161 8.488 7.896 7372 6.906 6.491 6.118 5.783 5.480 5.206 4956 4.728 4.520 4328 4.151 3988 16.330 14.643 13.211 11.987 10 935 10.027 9.237 8.548 7.943 7.409 6.935 6.514 6.136 5.798 5.492 5.215 4.964 4.734 4.524 4332 4.154 3.990 16,663 14.898 13.406 12.137 11.051 10.116 9.307 8.602 7984 7441 6.961 6.534 6.152 5.810 5.502 5.223 4.970 4.739 4 528 4 335 4.157 3.992 16.984 15.141 13.591 12.278 11.158 10.1989 370 8.650 8.022 7.470 6.983 6.551 6.166 5.820 5.510 5229 4.975 4.743 4531 4.337 4.159 3.994 17.292 15.372 13.765 12.409 11,258 10.274 9.427 8.694 8.055 7.496 7.003 6.566 6.177 5.829 5517 5.235 4 979 4.746 4.534 4339 4.160 3.995 19.793 17.159 15 046 13.332 11.925 10.757 9.779 8.951 8.244 7.634 7105 6.642 6.233 5.871 5.548 5 258 4 997 4.760 4544 4347 4.166 3999 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 40