Problem 2 Tiff Corporation has provided the following data concerning a proposed investment project Ignore income taxes.): S 960,000 Initial investment Life of the project Working capital required Annual net cash inflows Salvage value 5 years $ 20,000 $ 288,000 $ 144,000 The company uses a discount rate of 16%. The working capital would be released at the end of the project. See separate Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using the tables provided. Required: Compute the net present value of the project