Compute the net present value of the project negative

Reference no: EM13592334

Dunay Corporation is considering investing $905,000 in a project. The life of the project would be 9 years. The project would require additional working capital of $38,000, which would be released for use elsewhere at the end of the project. The annual net cash inflows would be $186,000. The salvage value of the assets used in the project would be $48,000. The company uses a discount rate of 17%. (Ignore income taxes.)

Required:
Compute the net present value of the project. (Negative amount should be indicated by a minus sign. Round discount factor(s) to 3 decimal places, intermediate and final answers to the nearest dollar amount. Omit the "$" sign in your response.)

Reference no: EM13592334

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