n 1494 5% 690 17% 18 1996 10% 1 10.96154|0.95238/0.94340 0.93458 0.9259310.917430.90909 2 0.92456 0.9070310.89000 0.87344 0.85734 0.84168 0.82645 0.88900 0.86384 0.839620.81630 0.79383 0.772180.75131 4 0.85480 0.82270 0.79209 0.76290 0.73503 0.70843 0.68301 15 0.82193 0.7835310.74726 0.71299 0.680580.649930.62092 Calculate the NPV for the following: The required rate of return is 10%. The project has a 5 year life cycle. The equipment costs $30,000 with a salvage value of $20.000. Working capital will increase by $80,000 and will be fully recovered at the end of the life cycle. Annual revenues are expected to be $230,000 with operating expenses of $200,000