Merrill Corporation has the following information available about a potential capital investment: Initial investment $ 2, 600, 000 Annual net income $ 150, 900 Expected life 8 years Salvage value $ 160,000 Merrill's cost of capital 6 Assume straight line depreciation method is used. Required: 1. Calculate the project's net present value. (Future Value of $1,Present Value of $1, Future 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 (IRR) is more or less than 6 percent. 3. Calculate the net present value using a 8 percent discount rate. (Future Value of $1, Present Value of $1, Future 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 (IRR) is more or less than 8 percent. Complete this question by entering your answers in the tabs below. Rea 1 and 2 Rea 3 and 4Complete this question by entering your answers in the tabs below. Req l and 2 Req 3 and 4 3. Calculate the net present value using a 8 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 8 percent. 3. Net Present Value 4. Inlemal Rate of Return {IRRJ ( Req1and2 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 calculaons, determine whether the internal rate of return (ERR) is more or less than 6 percent. 1. Net Present Value 2. Internal Rate of Return {IRRJ Req3and4 >