Question - The following data has been provided by Blakely Company. The company is evaluating options for an investment project:
Initial investment - $500,000
Life of the project (in years) - 5
Working capital required - $50,000
Annual net cash inflows - $130,000
Salvage value - $ 25,000
The discount rate for the company is 11%. Any working capital required will be released at the end of the project.
Required: The net present value of the project will be _______.