Dunay Corporation is considering investing $740,000 in a project. The life of the project would be 11 years. The project would require additional working capital of $24,000, which would be released for use elsewhere at the end of the project. The annual net cash inflows would be $158,000. The salvage value of the assets used in the project would be $34,000. The company uses a discount rate of 18%. (Ignore income taxes.) Compute the net present value of the project. (Negative amount should be indicated by a minus sign.Click here to view Exhibit 11B-1 and Exhibit 11B-2, to determine the appropriate discount factor(s) using tables. Solution Year Cash Flow Discoun Factor Discounted CashFlow Year 0 Initial investment -740000 1 - 740000.00 Working Capital -24000 1 -24000.00 Year 1 158000 0.84746 133898.31 Year 2 158000 0.71818 113473.14 Year 3 158000 0.60863 96163.68 Year 4 158000 0.51579 81494.64 Year 5 158000 0.43711 69063.26 Year 6 158000 0.37043 58528.18 Year 7 158000 0.31393 49600.16 Year 8 158000 0.26604 42034.03 Year 9 158000 0.22546 35622.06 Year 10 158000 0.19106 30188.19 Year 11 216000 0.16192 34974.51 *216000=158000+34000+24000 Net Present value Of Project -18959.85.