Dunay Corporation is considering investing $860,000 in a project. The
life of the project would be 6 years. The project would require
additional working capital of $36,000, which would be released for use
elsewhere at the end of the project. The annual net cash inflows would
be $182,000. The salvage value of the assets used in the project would
be $46,000. The company uses a discount rate of 13%. (Ignore income
taxes.)
Required:
Compute the net present value of the project.
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