Merrill Corp has the following information available about a potential capital investment $2,500,000 $ 160,000 Initial investment Annual net incon Bepected life Salvage value Herrill's cost of capital 8 years $ 170,000 7% Assume straight line depreciation method is used, Required: 1. Calculate the project's net present value 2 Without making any calculations, determine whether the internal rate of return (IRR) is more or less than 7 percent. 3. Calculate the net present value using a 9 percent discount rate 4. Without making any calculations determine whether the internal rate of return (RR) is more or less than 9 percent Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 and 4 1. Calculate the project's not present value. Future Value of $1. Present Value of $1. Future Value Annuity of $1. Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided. Do not found intermediate calculations