Dilworth Corporation has provided the following dataconcerning a proposed invest

Dilworth Corporation has provided the following dataconcerning a proposed investment project:Initial investment$480000Life if the project.. 7 yearsWorking capital required.$17000Annual net cash inflows$168000Salvage value..$72000The company uses a discount rate of 11%. The working capital wouldbe released at the end of the project.Required:Compute the net present value of the project.