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The following data concern an investment project (Ignore income taxes.): Investment in equipment $ 180,000 Annual net cash inflows $ 42,000 Salvage value of

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The following data concern an investment project (Ignore income taxes.): Investment in equipment $ 180,000 Annual net cash inflows $ 42,000 Salvage value of the equipment $ 70,000 Working capital required $ 20,000 Life of the project Required rate of return 5 years 12% The working capital will be released for use elsewhere at the conclusion of the project. Click here to view Exhibit 7B-1 and Exhibit 7B-2; to determine the appropriate discount factor(s) using the tables provided. Required: Compute the project's net present value.

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