Crane Corporation is considering adding a new product line. The cott of the factory and equipment to produce this product is $$1,882,000.$ Company munagement expects net cach flows from the cale of this product to be $$550,000in$ each of the neat eicht years.

If Crame uses a discount rate of $11$ percent for projects libe this what is the net present value of this proiect? Mo aet e$.$s$.1\mathrm{.}575)$

NPV $ $$ theied plecre, eg$.5750.)$

Internal rate of reburn $*$