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Mattice Corporation is considering investing $860,000 in a project. The life of the project would be 6 years. The project would require additional working capital

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Mattice Corporation is considering investing $860,000 in a project. The life of the project would be 6 years. The project would require additional working capital of $36,000, which would be released for use elsewhere at the end of the project. The annual net cash inflows would be $182,000. The salvage value of the assets used in the project would be $46,000. The company uses a discount rate of 13%. (Ignore income taxes.) Click here to view Exhibit 13B-Fad 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.) et present value

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