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Please solve to calculate NPV of this project and show how to solve on a financial calculator if possible.


Market Top Investors, Inc., is considering the purchase of a $343,333 computer with an
economic life of five years. The computer will be fully depreciated over five years using the
straight-line method, at which time it will be worth $?2,333. The computer will replace two
office employees whose combined annual salaries are $88,333. The machine will also
immediately lower the firm’s required net working capital by 331333. This amount of net
working capital will need to be replaced once the machine is sold. The corporate tax rate is 22
percent. The appropriate discount rate is 13 percent.

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