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Vaughn Company has the following information about a potential capital investment: Initial investment $ 420,000 Annual cash inflow $ 87,000 Expected life 9 years Cost

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Vaughn Company has the following information about a potential capital investment: Initial investment $ 420,000 Annual cash inflow $ 87,000 Expected life 9 years Cost of capital 14% 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. Negative amount should be indicated by a minus sign.)

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