15. A project with a profitability index of 1.156 also has net cash fows iavestment of $69,360. Th A) $60,000. B) $62,424 C) $80,180. D) $66,000. th a present value 16. Greg's Golf Carts produces two models: Model 24 has sales of 500 units with a contribution margin of $40 each; Model 26 has sales of 350 units with a margin of $50 each. If sales of Model 26 increase by 100 units, how much will profit change? A) $22,500 increase B) $5,000 increase C) $35,000 increase D) $17,500 increase contribution 17. Benaflek Co. purchased some equipment 3 years ago. The company's required rate of return is 12%, and the net present value of the project was $(1,800). Annual cost savings were: $20,000 for year 1; $16,000 for year 2; and $12,000 for year 3The amount of the initial investment was PV of an Annuity oflat 12% .893 1.690 Present Value ofLat12% .893 797 Year 2.402 712 A) $40,956. B) $40,232 C) $36,632 D) $37,356. 18. Which of the following would not be considered an example of a discontinued operation? A) Disposal of a significant component of a business B) Shifting production processes within an operation C) Elimination of a major class of customers D) Elimination of an entire activity