Q2: Farah Corporation has provided the following dataconcerning a proposed investment project: Initial investment .................... $440,000Life of the project ................... 8 vearsWorking capital required...... $14,000Annual net cash inflows......... $88,000Salvage value ......ccevvvrecnnnne $44,000 The company uses a discount rate of 11%. The working capitalwould be released at the end of the project. Required: Compute the net present value of the project. Q3: Dunay Corporation is considering investing $810,000 in aproject. The life of the project would be 9 years. The projectwould require additional working capital of $24,000, whichwould be released for use elsewhere at the end of the project.The annual net cash inflows would be $162,000. The salvagevalue of the assets used in the project would be $41,000. Thecompany uses a discount rate of 17%. Required: Compute the net present value and profitability index of theproject.