4444

EXHIBIT 145-1 Present Value of SI: *(1 + r Periods 4% 5% 7% 896 99 10% 11% 12% 13% 14% 15% 16% 17% 18% 19% 20% 21% 22% 23% 24% 25% 1 0.962 0.952 0.9430.933 0.926 0.017 0.90 0.001 0.893 0.88 0.7 0.870 0.862 0.5 0.647 0.840 0.833 0.26 0.20 0.313 0.5060300 2 0.925 0.907 0.890 0.873 0.857 0.8420.826 0.812 0.797 0,783 0.769 0.756 0.743 0.731 0.7180.706 0.694 0.63 0.672 0.661 0.650 0.640 3 0.889 0.861 0.840 0.816 0.794 0.772 0.751 0.731 0.712 0.693 0.675 0.658 0.64 0.624 0.609 0.393 0.579 0.564 0551 0.337 0.524 0.512 4 0.855 0.823 0.792 0.763 0.735 0.708 0683 0.659 0.636 0.613 0.592 572 0.552 0.534 0.516 0.299 0.482 0.467 0,451 0.437 0.423 0.410 5 0.822 0.784 0.7470.713 0.681 0.650 0.621 0.593 0.567 0.543 0.519 0.997 0.476 0.456 0.437 0,419 0.402 0.386 0 3700 3550 341 0128 6 0.790 0.746 0.705 0.666 0.630 0.596 0.564 0.535 0.507 0.4800.456 0.432 0.410 0.390 0.370 0.352 0 3350319 0.303 0.289 0.275 0.262 7 0.760 0.711 0665 0.623 0.583 0.547 0.513 0.42 0.452 0.425 0.000 0.376 0.35 0.333 0.314 0.296 0.279 0.263 0.249 0.235 0.22 0.210 X 0.731 0.677 0.6270 5820.540 0.502 0.467 0.43404040.376 0.3510 3270 3050.2 0.266 0.249.0.233 0.21% 0.204 0.1910.1790 168 0.703 0.645 0.5920 544 0.500 0.400.424 0.391 0.361 0.333 0.308 0.284 0.263 0.243 0.22 0.209 0.194 0.18 0.167 0.15 0.14 0.134 10 0.676 0,614 0.558 0.508 0463 0.422 0,386 0.352 0.322 0.295 0.270 0.247 0.227 0.20 0.191 0.176 0.162 0.149 0.137 0.126 0.116 0.107 11 0.650 0.585 0.527 0.475 0429 0.38 0.250 0.317 0.287 0.261 0.237 0.215 0.195 0.17 0.162 0.148 0.135 0.125 0,112 0.103 0.094 0086 12 0.625 0.557 0.497 0.444 0.397 0.356 0.319 0.286 0.257 0.231 0.208 0.18 0.168 0.152 0.1370.1240.112 0.10 0.092 DO 30.076 0.069 13 0.601 0.530 0.469 0.415 0.368 0.326 0.290 0.258 0.229 0.2040.182 0.163 0.145 0.130 0.116 0.104 0.093 0.084 0.075 0.068 0.061 0.055 14 0.577 0.05 0.442 0.388 0.340 0.299 0.263 0.232 0.205.1810.1600.141 0.125 0.111 0.099 0.08 0.078 0.059 0.062 0.055 0.049 0.044 IS 0.5550,48 0,417 0.362 0.315.0.275 0.239 0.209 0.183 0.16 0.140 0.123 0.108 0.095 0,084 0.074 0,065 0.057 0.051 0.045 0.040 0.035 16 0.534 0.4580.394 0.3390.292 0.252 0.21801880.163 0.141 0.123 0.107 0.093 0.081 0.071 0.0620.054 0.047 0.042 0.036 0.032 0.028 17 0.513 0.436 0,371 0317 0.270 0.231 0,198 0,170 0.146 0.125 0.108 0.093 0.00 0.00 0.060 0,052 0,045 0,039 0.034 0.030 0.025 0.023 IX 0.494 0.416 0.350 0.296 0.250 0.2120-1800.153 0.1300.111 0.09 0.081 0.069 0.059 0.051 0.044 0.038 0.032 0.028 0.024 0.021 0.018 19 0.475 0.396 0.331 0.277 0.232 0.194 0.1640.138 0.116 0.098 0.083 0.070 0.060 0.051 0.043 0.037 0.031 0.027 0.023 0.020 0.01 0.014 20 0.4560,377 0.312 0.258 0.215 0.178 0.149 0.1240.104.6187 0,033 0,061 0.051 0.04300370031 0.026 0.022 0.019 0.016 0.014 0.012 21 0.439 0.359 0.294 0.24 0.199 0.164 0.125 0.112 0.093 0.077 0.064 0.053 0.044 0,037 0,031 0.026 0.022 0.018 0,015 0,013 0.011 0009 22 0422 0.342 0.278 0.226 0.1840.150 0.123 0.101 0.03 0.06 0.056 0.046 0.038 0.032 0.025 0.022 0.018 0.015 0.0130011 0.000 0.007 23 0416 0.326 0.262 0.211 0.170 0.138 0,112 0.091 0.074 0,060 0.049 0.040 0.033 0.27 0.022 0.018 0,015 0,012 0.010 0,009 0.007 0.006 24 0.390 0.310 0.247 0.197 0.158 0.126 0.102 0,082 0.066 0,053 0043 0.035 0.028 0.023 0.019 0,015 0.013 0.010 0.00 0.007 0.006 0.005 25 0.375 0.299 0.233 0.184 0.146 0.116 0,092 0.074 0.059 0.047 0,038 0,030 0.024 0.20 0016 0.013 0.010 0.009 0.07 0.006 0.005 0.003 26 0:361 0.281 0.220 0.172 0.13 0.106 0,084 0.066 0.0530.042 0.033 0.026 0.021 0.017 0.014 0.011 0.009 0.007 0.006 0.005 0.004 0.003 27 0.347 0.268 0.207 0.16 0.125 0.098 0.076 0.060 0.047 0.037 0.029 0,023 0.018 0.014 0.0110.00 0.00 0.00 0.00 0.004 0.003 0.002 28 0.333 0.23 0.1960.150 0.116 0.090 0.069 0.054 0.042 0.033 0.026 0.020 0.016 0.012 0.010 0.008 0.006 0.005 0.004 0.003 0.002 0.0012 29 0321 0.243 0.18 0.14 0.107 0,082 0.063 0,048 0.037 0.0290022 0.017 0.014 0.0110.008 0.006 0.005 0.005 0.003 0.002 0.002 0.002 30 0.308 0.231 0.174 0.131 0.099 0.075 0,057 0.044 0.033 0.026 0,020 0,015 0,012 0.009 0.007 0.005 0.004 0.003 0.003 0.002 0.002 0.001 40 0.208 0.142 0,097 0.067 0046 0.032 0,022 0.015 0.0110.008 0.005 0.004 0.003 0.002 0.001 0.001 0.001 0.000 0.000 0.000 0.000 0.000 EXHIBIT 14B-2 Present Value of an Annuity of S1 in Arrears, -] Periods 4% 5% 79 8% 99 10% 11% 12% 139 14% 15% 16% 179 18% 19% 20% 21% 22% 23.24% 25% 1 0.962 0.952 0.943 0935 0936 0917 0909 0.91 0.893 0.0377 0.870 0.17 RSS 0.14 0.540 0.833 0.8360820 0813 0.6 DO 2 1886 1.859 1833 1804 1.783 1.759 1.7361.7131.690 1668 1.6471626 1.125 1.585 1.5661547 1.528.5091492 147414571450 3 2.775 2.723 2.673 2624 2.577 2.531 2.487 2.444 2.402 2.361 2322 2281 2.346 2.210 2.174 2.140 2.106 2.074 2042 2011 1.981 1952 4 3.630 3.546 3.4653387 3.312 3.240 3.1703.102 3.037 2.9742.914 2855 2.798 2.7432690 2639 2.589 2.540 2.494 2448 2.404 2.362 5 4.452 4.329 +212 4.100 3.993 3.890 3.791 3.696 3.60 3.517 3.433 3.352 3.2743.1992.127 2058 2.991 2.9262.864 2.803 2.745 2.689 6 5.2425.07649174.767 4 623 4486 4355 4 231 4.111 3.9983.889 3.7843,6853.589 3.498 3410 3.326 3.245.3.167 3.092 3.0202951 7 6.002 5.786 5382 3389 3.206 5.033 486 4.712 4.564 4.423 4.288 4.160 4.039 3.922 3.812 3.705 3.605 3.SON 3.416 327 3.242 3.161 8 6.733 6,463 6210 5971 5.747 5.535 5335 5.146 4.968 4.799 4639 4487 4.346 4.207 4.0783954 3.837 3.7263.619 3.518 3.421 3.329 9 7.435 7.108 6.807 6.315 6.247 9.995 5.739 5.537 5.328 3.132 4.946 4.772 4.607 4.451 4.303 4.163 4,031 3.905 3.786 3.673 3.566 3.463 10 8.111 7.722 7360 7024 6.710 6,415 6.145 5.889 5.6505426 5216 5019 4.833 4.659 4.494 4339 4.192 4,0543923 3.799362 3.571 11 8.760 8.3067.8877.499 7.139 6.8056.495 6.207 5.938 5.687 5.4535.234 5,0294.8364.6564486 4.327 4.1774.035 3.902 3.776 3.656 12 93858.863.384 7.9437.5367.1616.814 6.4926.1945.9185.660 5.4215.197 4.988 4.793 4.6114.439 4.278 4.127 3.985 3.85 3.725 13 9.986 9.1948.853 & 358 7904 7487 7.103 6.750 6.424 6 122 5.8425583 5.342 5.118 49104.715 4.533 4.3624.203 4.053 3.912 3.780 14 10.563 999 9.295 8.745 8.2447.78673676.9526,62% 6.302 6.0025.724 5.4685.229 500 4800 4611 4.432 4265 4.108 3.962 3.824 15 11.118 10.180 9.7129.108 8.5598,061 7606 7.1916.811 6462 6.142 58475.575.5.3245092 4.876 4.675 4.489 4.315 4.1534.001 3.859 16 11652 10.838 10.106 9.447 8851 1.3137824 7.3796,974 6,604 6.265 5.9545.668 5.405 5.162 4918 4.730 4.536 4.357 4.1894033 3.887 17 12.166 11.274 10.477 9.763 9.122 8.5448.002 7.549 7.120 6.729 6373 6.647 5.749 5.475 5.322 4920 4.775 4.576 4 391 4.219 40591910 18 12.699 11.890 10.328 10.059 9.372 8.7568.201 7.702 7.250 6.840 64676.128 5.818 5.534 5.273 5.033 4812 4.608 4.419 4.243 4.080 3.928 19 13.134 12.085 11.158 10.336 96148.9508365 7.8397,366 6938 6.550 6.198 5.877 5.5845 316 5.070 4.843 4.635 4.442 4.263 4,097 3.942 20 13.590 12.462 11.470 10.594 9818 9.1298 514.7.96374597,025 6623 6.259.929 5.628 $3535.101 4.870 4,657 4460 4.2794.110 3.954 21 14.029 12.20 11.764 10.836 10.017 9.292 8.649 8,075 7.562 7.102 6.687 6312 5.9735.665 $384 5.127 4.891 4.675 4.476 4292 4.121 3963 22 14.451 13.163 12.042 11.061 10 2019,442 8.7728.1767.645 7.170 674363596,011 5.696 5410 5.149490946904488 4.302 4.130 3.970 23 14.657 13.459 12.303 11.272 10.371 9.580 3.33 8.266 7.718 7.2306.792 6.3996.044.5.723 5.432 3.167 4.925 4.703 4.499 4311 4.137 3.976 24 15.247 13.799 12.550 11.469 10.529 9.707 & 985 8348 7.784 2.283 6835 6.434 6,073 5.746 5.451 5.182 4937 4.713 4.5074318 4.141 3.981 25 15.622 14.094 12.783 11,654 10.675 9.8239.0778,422 7.843 7.330 68736.4646,097 5.766 5.467 5.195 49484.721 4.5144 323 4.147 3.985 26 15.983 14.375 13.003 11.826 10.810 9.9292.161 8.488 7.896 7.372 6.905 6.491 61185.7835.4805.205 4.956 4.7284520 4.3284151 3.988 27 16 330 14643 13 201 11.987 10 935 10 027 9.237 R548 7943 7409 6935 6514613657985492 5215 4964 4734 4.524 433241543990 2N 16.663 1498 13.405 12.137 11.051 10.116 9.307 X 602 7.9847.441 6.961 | 6.534 6.152.81030252234970 4.739452843354157 3.992 29 16984 15.141 13.593 12.278 11.158 10.1989.370 8.650 8.022 7470 6983 6551 6.166 5.820 5.510 5229 4975 4.743 4531 4337 4.159 3.994 30 17.292 15.372 13.765 12.409 11.25 10.2749.427 3.694 8.055 7496 7.003 6.5666.177 5.829 5.517 5.215 4979 4.746 4534 43394.160 3.995 20 19.793 17.159 IS 046 13.332 11925 10.757 9 779 R951 8.244 7634 710S 6642 6.2335,871 S548 53584997 4.760 4544 4347 4.166 3999 4 ts s a divisional manager for Pigeon Company. His annual pay raises are ved by his division's return on investment (ROI), which has been h of the last three years. Casey is considering a capital budgeting uld require a $4,200,000 investment in equipment with a useful life of 10 salvage value. Pigeon Company's discount rate is 20%. The project het operating income each year for five years as follows: $ 4,100,000 enses 1,880,000 margin 2,220,000 es: 9, salaries, and other fixed out-of- $ 770,000 840,000 expenses 1,610,000 g income $ 610,000 Ekipped osts on eBook 2W Exhibit 148-1 and Exhibit 14B-2, to determine the appropriate s) using tables. oject's net present value? roject's internal rate of return to the nearest whole percent? roject's simple rate of return? company want Casey to pursue this investment opportunity? ay be inclined to pursue this investment opportunity? is question by entering your answers in the tabs below. Req 2 Reg 3 Req 4A Req 4B oject's simple rate of return? (Round your answer to 1 decimal place.) am w