Using only the factors provided in this table below (do not use excel, a scientific calculator, know the correct factor to use) Interest is 6% per period Periods FV of $1 1.0600 1.1236 1.1910 1.2625 1.3382 1 2 3 4 5 PV of $1 .9434 .8900 .8396 .7921 .7473 FVA of $1 2.0600 3.1836 4.3746 5.6371 6.9753 PVA of $1 0.9434 1.8334 2.6730 3.4651 4.2124 Fowler Company is considering a project that has estimated annual net cash flows of $19,110 for five years and is estimated to cost $48,110. The salvage value at the end of project is expected to be $4,180. Fowler's cost of capital is 6 percent. The net present value of the project is $ (If the net present value is negative, indicate by placing a sign before the number. DO NOT use parenthesis (). Example if your answer is negative, indicate as -1,000. -

Using only the factors provided in this table below (do not use excel, a scientific calculator, know the correct factor to use) Interest is 6% per period Periods FV of $1 PV of $1 FVA of $1 PVA of $1 1 1.0600 .9434 2.0600 0.9434 2 1.1236 .8900 3.1836 1.8334 3 1.1910 .8396 4.3746 2.6730 4 1.2625 .7921 5.6371 3.4651 5 1.3382 .7473 6.9753 4.2124 Fowler Company is considering a project that has estimated annual net cash flows of $19,110 for five years and is estimated to cost $48,110. The salvage value at the end of project is expected to be $4,180. Fowler's cost of capital is 6 percent. The net present value of the project is $ (If the net present value is negative, indicate by placing a sign before the number. DO NOT use parenthesis (). Example if your answer is negative, indicate as -1,000.