3 of 5(0 complete) HW Score: 0%, 0 of 45 pesa E21-26 (similar to) Question Help New Tech Corporation is a rapidly growing biotech company that has a requred rate of retum of 10% plans to buld a new tacity in Santa Clara Courty The buding will take 2 years to complete The bulding contractor offered New Tech a choice of thee payment plans, as folows Clck the icon to view the data Present Vaue of 51 table Pesent of Aenuy ot 51 table Euture Vueof 1 able Euture Vatue ot Anntof31 ta Read the eauenents Requirement 1. Usng the net present value method caoae the comparative cost of each of the three payment plan beng consideed by New Tech (Round your fnal anwers to the nearet whole dolr) The net present vue cost of Pun is Enter any number in the edt Selds andthen dick Check Answer Plan I: Payment of $175,000 at the time of signing the contract and $4,800,000 upon completion of the building. The end of the second year is the completion date Plan II: Payment of $1,700,000 at the time of signing the contract and $1,700,000 at the end of each of the 2 succeeding years. Plan III: Payment of $200,000 at the time of signing the contract and $1,625,000 at the end of each of the 3 succeeding years Print Done