Mattice Corporation is considering investing $845,000 in a project. The life of the project would be 7 years. The project would require additional working capital of $26,000, which would be released for use elsewhere at the end of the project. The annual net cash inflows would be $162,000. The salvage value of the assets used in the project would be $36,000. The company uses a discount rate of 13%. (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.) Net present value

Mattice Corporation is considering investing $845,000 in a project. The life of the project would be 7 years. The project would require additional working capital of $26,000, which would be released for use elsewhere at the end of the project. The annual net cash inflows would be $162,000. The salvage value of the assets used in the project would be $36,000. The company uses a discount rate of 13% (Ignore income tares.) Click here to view Exhibit 148.1 and Exhibit 148-2, to determine the appropriate discount factor(s) using the tables provided. Required: Compute the net present value of the project. (Negotive amount should be indicated by o minus sign. Round your intermediate calculotions and final answer to the neorest whole dollor amount.) EXHIB 14B1 Fresent Valee er 51: (1+r)21 r11=(1+r)n1