22 0422 0342 0278 022G 0.184 0.150 0123 0 101 0083 0068 0056 0046 0038 0032 0026 0022 0.018 0.015 0013 0011 0.009 0.007 23 0.406 0326 0262 0211 0.170 0.138 0112 0091 0074 0060 0049 0 040 0033 0027 0022 0018 0015 o.012 0010 0009 0007 0.006 24 0.390 0310 0247 0197 0.158 0.126 0 102 0082 0066 0053 0043 0035 0028 0.023 0019 0015 0013 0.010 0008 0007 0006 0.005 2 0.375 0.295 0233 0.184 0.146 0.116 0092 0074 0.059 0.047 0038 0030 0.024 0020 0016 0013 0.010 0.009 0007 0006 0005 0004 26 0361 0281 0220 0.172 0.135 0.106 0084 0066 0053 0042 0033 0026 0.021 0.017 0014 0011 0.009 0.007 0006 0.005 0.004 0003 27 0.347 0.268 0207 0.161 0.125 0098 0076 0060 0047 0037 0029 0.023 0.018 0.014 0011 0009 0.007 0.006 0.005 0.004 0003 0.002 28 0.333 0255 0.196 0.150 0.116 0090 0009 0054 0042 0033 0026 0020 O.O16 0012 0010 0008 0.006 0.005 0004 0003 0002 0002 29 0 321 0243 0185 0141 0.107 0082 0063 0048 0037 0029 0022 0017 0014 0011 0008 0006 0005 0004 0003 0002 0002 0002 30 0.308 0231 0.174 0.131 0099 0075 0057 0044 0033 0026 0020 0015 0012 00090007 a005 0.004 0.003 0003 0002 0002 0001 40 0208 0142 0097 0067 0046 0032 0022 0015 0011 000B 0005 0004 0.003 0.002 0001 0001 0.001 0.000 0000 0.000 0.000 0.000 EXHIBIT 138-2 Present Value ef an Ammulty of $t in Arreans periods 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 16% 17% 18% 19% 20% 21% 22% 23% 24%25% 1 0.962 0.952 0.943 09350926 0917 0909 0.901 0893 0.885 0877 0870 0862 0 855 0.847 0.840 0833 0826 0.820 0.813 0.806 0.800 2 1.886 1859 1833 18OB 1.783 1759 1.736 1.713 1.690 1668 1647 1.626 1.605 1.585 1566 1.547 1528 1509 1 492 1,474 1457 1440 3 2.775 2.723 2.673 2624 2577 2531 2487 2.444 2.402 2361 2322 2283 2246 2210 2.174 2.140 2.106 2074 2042 2.011 1.981 1.952 3.630 3.546 3.465 3 387 3312 3240 3170 3.102 3037 2974 2914 2855 2798 2743 2/690 2.639 2589 2540 2494 2.448 2.404 2 362 5 4.452 4.329 4.212 4100 3993 3.890 3791 3.696 3.605 3.517 3433 3.352 3274 3.199 3.127 3.058 2991 2.926 2864 2.803 2745 2689 6 5.242 5.076 4917 4767 4623 4486 4355 4.231 4111 3998 3889 3.784 3685 3589 3.498 3.410 3326 3 245 3.167 3.092 3020 2951 76.002 5.786 5.582 5389 5206 5033 4.868 4.712 4564 4423 4 288 4.160 4039 3922 3812 3.706 3.605 3508 3416 3.327 3242 3161 8 6.733 6.463 6.210 5971 5747 5535 5 335 5.146 4968 4799 4639 4487 4344 4207 4 078 3.954 3837 3726 3619 3.518 3421 3329 9 7.435 7.108 6.802 6515 6247 5.995 5.759 5.537 5.328 5132 4946 4.772 4607 4451 4.303 4.163 4031 3905 3786 3.673 3.566 3463 10 8.1 11 7.722 7.360 7024 6710 6.418 145 5.889 5650 5426 5216 5.019 4833 4659 4494 4.339 4 192 4054 3923 3.799 3682 3.57 1 11 8.760 8.306 7.887 7.499 7.139 680 6.495 6.207 5.938 5687 453 5234 5.029 4806 4.686 4.486 4.327 4.177 4.035 3.902 3.776 1666 12 9.385 8.863 8.384 7 943 7 536 7.161 6814 6.492 6 194 5918 5660 5.421 5.197 4988 4.793 4611 4439 4 278 4127 3.985 3851 3725 3 9.986 9.394 8853 8358 7904 7487 7.103 6.750 6.424 6.122 5842 5.583 5342 5.118 4910 4.715 4533 4362 4203 4.053 3912 3.780 14 10563 9899 9.295 8. 746 8 244 7 786367 6.982 6.628 6.302 6002 5.724 5468 5.229 5008 4.802 461 1 4 432 4 265 4.108 3962 ).824 15 11.118 10.380 9.712 910B 8559 8061 7.606 7.191 6811 6462 6.142 5.847 5575 5324 5092 4.876 4675 4489 4315 4.153 4001 3.859 16 11.652 10.838 10.106 9447 8851 8313 7 824 7.379 6 974 6604 6265 5954 5668 5405 5162 4.938 4.730 4 536 4357 4.189 4033 3.887 17 12.166 11.274 10.477 9.763 9122 8.544 8022 7.549 7.126.729 373 6.047 5.749 5.475 5222 4.990 4775 4576 4391 4.219 4059 3.910 18 12.659 11.690 10.828 10059 9372 8756 8201 7.702 7 250 6.840 6467 6.128 5818 5534 5273 5.033 4812 4.608 4419 4.243 4080 3928 19 13.134 12.085 11.158 10 336 9604 8950 8365 7.839 7366 6938 6556. 198 5877 5.584 5316 5.070 4843 4635 4442 4.263 4097 3.942 20 13.590 12.462 11.470 10 594 9818 9129 8514 7.963 7469 7025 6623 6259 5929 5628 5353 5.101 4870 4657 4460 4.279 4.110 3954 21 14.029 12.821 11.764 10.836 10017 9292 8649 8.075 7562 7.102 6687 6312 5973 5665 5384 5.127 4891 4675 4476 4.292 4.121 3963 22 14.451 13.163 12.042 11.061 10 2019442 8 772 8.176 7645 7.170 6743 6 359 6011 5696 5410 5.149 4909 4690 4488 4.302 4130 3.970 3 14.857 13.489 12.303 11.272 10371 9.580 8883 8.266 7.718 7230 6792 6.399 6044 5723 5.432 5.167 4925 4.703 4499 4.311 4.137 3976 24 15.247 13.799 12.550 11.469 10 529 9 707 8985 8.348 7.784 7283 6835 6.434 6073 5746 5451 5.182 4937 4713 4507 4.318 4.143 3981 25 15.622 14094 12 7 3 11 654 10675 9.823 9077 8.422 7843 7330 673 6464 6097 5766 5467 5.195 4948 4721 4514 4323 4 147 3985 26 15.983 14.375 13.003 11826 10810 9929 9161 8488 7896 7 372 6906 6.491 6118 5783 5.480 5.206 4956 4728 4520 4.328 4.151 3988 27 16.330 14.643 13.211 11.987 10935 10.027 9.237 8.548 7.943 7.409 6935 6.514 6136 5798 5.492 5.215 4964 4.734 4524 4.332 4.154 3.990 28 16.663 14.898 13.406 12.137 11051 10.116 9 307 8.602 7984 7441 6961 6534 6152 5810 5502 5.223 4970 4739 4528 4.335 4.157 3.992 29 16.984 15.141 13.591 12.278 11.158 10.198 9370 8.650 8022 7 470 6983 6551 6166 5.820 5510 5.229 4975 4743 4531 4.337 4.159 3994 30 17.292 15.372 13.765 12409 11258 10.274 9427 8.694 8055 7 496 7003 6.566 6177 5829 5 517 5.235 4979 4746 4.534 4.339 4.160 3995 40 19.79 17.159 15.046 13.332 11 925 10.757 9.779 8.951 a 244 7.634 7 105 6.642 6.233 5.871 5.548 5.258 4 997 4760 4544 4.347 4166 3999 Joanette, Inc., is considering the purchase of a machine that would cost $660,000 and would last for 9 years, at the end of which, the machine would have a salvage value of $56,000. The machine would reduce labor and other costs by $116,000 per year. Additional working capital of $2000 would be needed immediately, all of which would be recovered at the end of 9 years. The company requires a minimum pretax return of 12% on all investment projects. (Ignore income taxes.) Use Exhibit 13B-1 and Exhibit 13B-2 above to determine the appropriate discount factor(s). Required: Determine the net present value of the project. (Negative amount should be indicated by a minus sign. Round your intermediate calculations and final answer to the nearest whole dollar amount.) value