E$11-3($Static$)$ Calculating Net Present Value, Internal Rate of Return $[$LO $11-3,11-4]$

Merrill Corporation has the following information available about a potential capital investment:

Assume straight line depreciation method is used.

Required:

Calculate the project's net present value. $($Future Value of $$1,$ Present Value of $$1,$ Future Value Annuity of $$1,$ Present Value

Annuity of $$1.)$

Note: Use appropriate factor$($s$)$ from the tables provided.

Without making any calculations, determine whether the internal rate of return $($IRR$)$ is more or less than $($expression error$)$ percent

Calculate the net present value using a $($expression error$)$ percent discount rate. $($Future Value of $$1,$ Present Value of $$1,$ Future

Value Annuity of $$1,$ Present Value Annuity of $$1.)$