A company is considering a project that will require a cost outlay of $30 000 per year for three years. At the end of the project, the company expects to salvage the physical assets for $50 000. The project is estimated to yield net returns of $60 000 in Year 4, $40 000 in Year 5, and $15 000 for each of the following five years. Alternative investments are available yielding a rate of return of 14.5%. Compute the net present value of the project.

30) A company is considering a project that will require a cost outlay of $30000 per year for three years. At the end of the project, the company expects to salvage the physical assets for $50000. The project is estimated to yield net returns of $60000 in Year 4, $40000 in Year 5, and $15000 for each of the following five years. Altemative investments are available yielding a rate of return of 14.5%. Compute the net present value of the project