(Ignore income taxes in this problem.) Furner Inc. is considering investing in a project that would require an initial investment of $480,000. The life of the project would be 8 years. The annual net cash inflows from the project would be $120,000. The salvage value of the assets at the end of the project would be $72,000. The company uses a discount rate of 17%.
Required:
Compute the net present value of the project.

Question

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The Answer of (Ignore income taxes in this problem.) Furner Inc. is considering investing in a project that would require an initial investment of $480,000. The life of the project would be 8 years. The annual net cash inflows from the project would be $120,000. The salvage value of the assets at the end of the project would be $72,000. The company uses a discount rate of 17%.
Required:
Compute the net present value of the project.

(Ignore Income Taxes in This Problem