Merrill Corp. has the following information available about a potential capital investment: $2,100,000 $ 200,000 Initial investment Annual net income Expected life Salvage value Merrill's cost of capital 8 years $ 210,000 10% Assume straight line depreciation method 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 10 percent. 3. Calculate the net present value using a 13 percent discount rate. 4. Without making any calculations, determine whether the internal rate of return (IRR) is more or less than 13 percent. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 and 4 Reg 3 and 4 1. Calculate the project's net present value. (Future Value of $1, Present Value of $1, Fu Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided. Do not Round the final answer to nearest whole dollar.) 2. Without making any calculations, determine whether the internal rate of return (IRR) is mi 1. Net Present Value $ (935,055) 2. Internal Rate of Return (IRR) Less than 10 Percent 3. Calculate the net present value using a 13 percent discount rate. (Future Value of $1, P Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor(s) from the 1 intermediate calculations. Round the final answer to nearest whole dollar.) 4. Without making any calculations, determine whether the internal rate of return (IRR) is m 3. Net Present Value (1,061,238) Less than 13 percent 4. Internal Rate of Return (IRR)