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Vaughn Company has the following information about a potential capital investment: Initial investment $ 340,000 Annual cash inflow $ 80,000 Expected life 7 years Cost

Vaughn Company has the following information about a potential capital investment:

Initial investment $ 340,000
Annual cash inflow $ 80,000
Expected life 7 years
Cost of capital 13%

1. Calculate the net present value of this project. (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. Round the final answer to nearest whole dollar.)

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