1. Boxer Production, Inc., is in the process of considering a flexible manufacturing system that will help the company react more swiftly to customer needs. The controller, Mick Morrell, estimated that the system will have a 10-year life and a required return of 10% with a net present value of negative $500,000. Nevertheless, he acknowledges that he did not quantify the potential sales increases that might result from this improvement on the issue of on-time delivery, because it was too difficult to quantify. 2. If you invest $15,000 today, how much will you have in (for further instructions on future value in Excel, see Appendix C): 20 years at 22% 12 years at 10% 5 years at 14% 2 years at 7%