Return As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance package of $92,000 cash paid today: 592,000 to be paid in one year and an annuity of $29,000 to be paid each year for 3 years. What is the present value of the package assuming an interest rate of 9 percent? (Euture Value of $1. Present Value of $1. Future Value Annuity of $1. Present Value Annuity of S1) (Use appropriate factor(s) from the tables provided. Round the final answer to nearest whole dollor.) Answer is complete but not entirely correct. Present Value 190.432 Initial investment Annual net income Expected life Salvage value Merrill's cost of capital $2,400,000 $ 170,000 8 years $ 180,000 8% Assume straight line depreciation method is used Required: 1. Calculate the project's net present value 2. Without making any calculations, determine whether the internal rate of return (IRR) is more or less than 8 percent 3. Calculate the net present value using a 10 percent discount rate. 4. 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. Reg 1 and 2 Reg 3 and 4 1. Calculate the project's net present value. (Future Value of $1. Present Value of $1. Future Value Annuity of $1, Present Value Annuity of $1.) Use appropriate factor(s) from the tables provided. Do not round Intermediate calculations Round the final answer to nearest whole dollar) 2. Without making any calculations, determine whether the internal rate of retum (IRR) is more or less than 8 percent. Show less 1 2 Net Present Value Internal Rate of Return RRI