Merrill Corporation has the following information available about a potential capital investment Initial investment Annual net income Expected life Salvage value Merrill's cost of capital $ 2,300,000 $ 180,000 8 years $ 190,000 Assume straight line depreciation method is used. Required: 1. Calculate the project's not present value. (Future Value of $1 Present Value of $1. Euture Value Annuity of $1. Present Value Annuity of $1) Note: Use appropriate factor(s) from the tables provided. 2. Without making any calculations, determine whether the internal rate of return (RR) is more or less than 8 percent 3. Calculate the not present value using a 11 percent discount rete (Euture Value of 51 Present Value of 51 Euture Value Annuity.of $1 Present Volue Annuity of $1) Note: Use appropriate factor(s) from the tables provided. 4. Without making any calculations, determine whether the internal rate of return (RR) is more or less than 11 percent Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 and 4 1. Calculate the project's net present value. Note: Do not round intermediate calculations. Round the final answer to nearest whole dollar 2. Without making any calculations, determine whether the internal rate of return (IRR) is more or less than 8 percent. 1 Net Present Value: 7 Internal Rate of Return (IRR) Check my work Zes Help Save & Exit Seved Check m Merrill Corporation has the following information available about a potential capital investment Initial Investment Annual net income Expected life Salvage value Merrill's cost of capital $ 2,300,000 $ 180,000 8 years $ 190,000 8 Assume straight line depreciation method is used Required: 1. Calculate the project's net present value. (Future Value of $1.Present Value of St. Euture Value Annuity of $1. Present Value Annuity of $1) Note: Use appropriate factor(s) from the tables provided. 2. Without making any calculations, determine whether the internal rate of return (RR) is more or less than 8 percent 3. Calculate the net present value using a 11 percent discount rate (Future Value of $1 Present Value of $1. Euture Value Annuity of $1 Present Value Annuity of $1) Note: Use appropriate factor(s) from the tables provided. 4. Without making any calculations, determine whether the internal rate of return (RR) is more or less than 11 percent Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 and 4 3. Calculate the net present value using a 11 percent discount rate. Note: Do not round intermediate calculations. Round the final answer to nearest whole dollar 4. Without making any calculations, determine whether the internal rate of return (IRR) is more or less than 11 percent. 3. Net Present Value 4. Internal Rate of Return (RR)