(Ignore income taxes in this problem) The following data concern an investment project.
Investment in requirement - $10000
Net annual cash inflows - $2400
Working capital required - $5000
Salvage value of equipment- $1000
Life of the project - 8 years
Required rate of return - 10%


The working capital will be released for use elsewhere at the conclusion of the project.


Required: Compute the project's net present value.