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

Initial investment	$	600,000
Annual net income	$	60,000
Expected life		8	years
Salvage value	$	70,000
Merrills cost of capital		7	%

Assume straight line depreciation method is used.

Calculate the net present value using a 14 percent discount rate.

Calculate the project's net present value.

3. Calculate the net present voue using a 14 percent discount rate Fut re 11 e a $1 Pres calculations, Round the final answer to nearest whole dollar.) appropriate factorfs) from the tables provided. Do not Va ue f 1 Futu ev e Annuity a 1. PresentV 1 Annuity o 1 Use provided. Do not round intermediate to nearest whole deat S1.ssont