Grossett corporation has provided the following data

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Reference no: EM13484119 , Length: 10

Grossett Corporation has provided the following data concerning a proposed investment project:

Initial investment

$160,000

Life of the project

6 years

Working capital required

$35,000

Annual net cash inflows

$56,000

Salvage value

$24,000

The company uses a discount rate of 10%. The working capital would be released at the end of the project.

Required:

Compute the net present value of the project

Reference no: EM13484119

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