Tampa corporation is considering an investment proposal that will required an initial outlay of $804,000 and would yield yearly cash inflows of $200,000 for nine years. The company uses a discount rate of 10% what is the NPV of the investment?

Present vale of an ordinary annuity of $1 :

8% 9% 10%

1- 0.926 0.917 0.909

2- 1.783 1.759 1.736

3- 2.577 2.531 2.487

4- 3.312 3.24 3.17

5- 3.993 3.89 3.791

6- 4.623 4.486 4.355

7- 5.206 5.033 4.868

8- 5.747 5.535 5.335

9- 6.247 5.995 5.759