Merrill Corp. has the following information available about a potential capital investment:

Merril Corp. has the tollowing intormation avalable about a potential capital inves ment 5 1,900,000 5 190,000 Initial investment nnual net incone Expected lIf 8 years 5 230,000 Merrill's cost of capital 10% Assume straight line depreciation method is used. Required: 1. Calculate the projects net present value (Future alle the final answer to nearest whole dollar.) 1 Present a ue ?Future a ue n u si Present vali e nni y 1 ) (Use appropriate factor(s) from the tables provided. Do not round intermediate calculations. Round t Value 2. Wthout making any calculations, determine whether the internal rate of return (IRR) is more or less than 10 percent Less than 10 Percent Greater than 10 Percent 3. Coculate the net present value using a 14 percent discount rote. Euture Valueof S1. Prescnt Value oL S1. E calculations. Round the final answer to nearest whole dollar.) y OLS1 Present Value Arinuily of S1) (Use appropriate factor(s) from the tables provided. Do not round intermediate