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Mattice Corporation is considering investing $800,000 in a project. The life of the project would be 11 years. The project would require additional working capital

image text in transcribed Mattice Corporation is considering investing $800,000 in a project. The life of the project would be 11 years. The project would require additional working capital of $30,000, which would be released for use elsewhere at the end of the project. The annual net cash inflows would be $170,000. The salvage value of the assets used in the project would be $40,000. The company uses a discount rate of 18%. (Ignore income taxes.) Click here to view and 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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