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

Initial investment	$	1,800,000
Annual net income	$	200,000
Expected life		8	years
Salvage value	$	240,000
Merrills cost of capital		10	%

Assume straight line depreciation method is used.

Required 1. Calculate the proje dollar.) ects net present value Euture value od1 Present Vall8 0S Presen Vaue Annuityors(Use approprilate factons) from the tables provided. Do not round intermediate calcu lations. Round the final answer to nearest whole 2. Without making any calculaticns, dctermine whether the Internail rate of return (IRR) is more or lcss than 10 porcent. Greatar than 10 Parcant Lees tha1 10 Percer ntermediate 3. Calculete the ret pesent value using to nearest whole dollar) 15 percent ciscoun rete. Emreyalue at S1. Presentwave or Present Vale Annutyof (Use appropriate factonis) from the tables provided. Do net round intermediate ealeulations. Round the final