ni 9% 10% 0.621 5 0.650 6 Present Value of an $1 7% 8% 0.713 0.681 0.666 0.630 0.623 0.583 0.582 0.540 0.544 0.500 0.508 0.463 7 0.596 0.547 0.502 0.564 0.513 0.467 8 9 0.424 0.460 0.422 10 0.386 ni Present Value of an Ordinary Annuity 796 8% 996 4.100 3.993 3.890 10% 5 3.790 6 4.767 4.623 7 5.206 4.486 5033 5.535 5.995 4.355 4.868 5.335 8 5.389 5.971 6.515 7.024 5.747 9 6.247 5.759 10 6.710 6.418 6.145 Cinderella has the opportunity to invest in a project with these details: $ 39,000 Cost of project UL Salvage Value Annual net cash inflows Company's minimum rate of return Company's discount rate 7 years $6,000 $ 8,000 99% 996 What is the net present value of this project