Merrill Corporation has the following information avaliable about a potential capital investment: Initial investrent Annual net income Ixpected life \$. 1,300,000 \$ 130,000 8 years salvage value Merrili's cost of eapital \$ 140,000 10 Assume straight line depreciation method is used. Required: 1. Calculate the project's net present value. (Future Value of \$1.Present Value of \$1. Euture Value Annuity of \$1, Present Value Annuity of S1) 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 10 percent. 3. Calculate the net present value using a 13 percent discount rate. (Euture Value of \$1. Present Value of \$1. Euture Value Annuity of \$1, Present Value Annuity of 51.) 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 13 percent. Complete this question by entering your answers in the tabs below. Req 1 and 2 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 10 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 13 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 13 percent. 3. Net Present Value 4. Internal Rate of Retum (IRR) More than 13 porcent