Problem 13-151 Juliar Inc. has provided the following data concerning a proposed ...

Juliar Inc. has provided the following data concerning a proposed investment project: (Ignore income taxes.)

Initial investment	$	230,000
Life of the project		8 years
Annual net cash inflows	$	40,000
Salvage value	$	30,000

The company uses a discount rate of 8%.

Click here to view Exhibit 13B-1 and Exhibit 13B-2 to determine the appropriate discount factor(s) using tables.

Required:

Compute the net present value of the project. (Negative amount should be indicated by a minus sign. Round discount factor(s) to 3 decimal places, intermediate and final answers to the nearest dollar amount. Omit the "$" sign in your response.)

Net present value

$