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

Initial investment $1,700,000 Annual net income $190,000 Expected life8 years Salvage value $250,000 Merrill's cost of capital10%

Assume straight line depreciation method is used.

What would the he project's net present value be? Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.

What would the net present value be using a 15 percent discount rate? Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.