How to calculate the factor value

accounting

Description

I am confused on how to calculate the factor value. 
 (Ignore income taxes in this problem.) Farah Corporation has provided the following data concerning a proposed investment project:
Initial investment:  $320,000
Life of the project 5 years
working capital required $14,000
Annual net cash inflows:  $88,000
Salvage value:  $44,000
The company uses a discount rate of 11%. The working capital would be released at the end of the project.
Required:
Compute the net present value of the project.


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