18. Using the following partial table of present value of $1 at compound Interest, the present value of $15,000 to be received 3 years from now with earnings at the rate of 6% a year is 6% 0.943 0.890 0.840 0.792 10% 0.909 0.826 0.751 0.683 Year 1 2 3 4 a. $12,600 b. $11,880 c. $13,350 d. $11,265 12% 0.893 0.797 0.712 0.636 Below is a table for the present value of $1 at compound interest. Year 1 2 3 4 5 6% 0.943 0.890 0.840 0.792 0.747 10% 0.909 0.826 0.751 0.683 0.621 12% 0.893 0.797 0.712 0.636 0.567 Below is a table for the present value of an annuity of $1 at compound interest Year 1 2 3 4 5 6% 0.943 1.833 2.673 3.465 4.212 10% 0.909 1.736 2.487 3.170 3.791 12% 0.893 1.690 2.402 3.037 3.605 19. Using the tables above, what would be the internal rate of return of an investment of $210,600 that would generate an annual cash Inflow of $50,000 for the next 5 years? a. 6% b. 10% c. 12% d. 14% 20. T-Bone company is contemplating investing in a new piece of manufacturing machinery. The amount to be invested is $150,000. The present value of the future cash flows is $141,000. Should the company invest in this project? a. yes, because net present value is + $9,000 b. yes, because net present value is -$9,000 c. no, because net present value is +$9,000 d. no, because net present value is -$9,000