7 10 Cowboy Ice Cream Company is considering investing in two new ice cream truces that are expected to generate combined cash Infows of 532,500 per year. The trucks' combined purchase price is $96,500. The expected and alage value of each are eight years and $21,000, respectively Walton has an average cost of captal of 10 percent. of Stand PVA of Use appropriate factors from the tables provided) Required Calculate the net present Value of the investment opportunity (Negative amount should be indicated by a minus slon Mound your b. Indiente whether the opportunity is expected to our retum that is above or below the cost of cold water should be accepted Mental had the point TABLE 1 PRESENT VALUE OF $1 11 49 5% 6% 78 85 95 10% 12 1495 165 20 1 0.961538 0.952381 0943396 0934579 0.925926 0917431 0909091 0.892857 0.577193 0.862069 0833333 2 0924556 0.907029 0.889996 0.873439 0.857339 0.341680 0.826146 0.797194 0.769468 0.743163 0.69.4414 3 0.888996 0.863338 0.839619 0.816298 0.793832 0.772183 0.751315 0.711780 0674972 0610658 0.578704 4 0.854301 0.822702 0.792094 0.762595 0.735030 0.708425 0.683013 0.635518 0.592080 0.552291 0482253 5 0.821927 0.783526 0.747258 0712986 0.680583 0.649931 0620921 0.567427 0.519369 0.476113 0.401378 6 0.790315 0.746215 0.704961 0.666342 0.630170 0.596267 0.561474 0.506631 0.455587 0.410442 0334898 2 0.759918 0710631 0665057 0622750 0.583490 0.547034 0513158 0.452349 0.399637 0.353930 0.279052 3 0.730690 0676839 0627612 0.582009 0.540269 0.501866 0.166507 0.403363 0.350559 0.305025 0.232565 9 0.702587 0644609 0.591898 0.543934 03004904601230,424098 0.360610 0 30750S 0262953 0193807 10 0.675564 0613913 0.558395 0.505349 0.46319304224110385543 0.321973 0.269744 0.220654 0161506 11 0.019581 0 554679 0526788 0.475093 0.428883 0.337533 0.350194 0.2574760.236617 0195417 0.134558 12 0.624597 0556837 0.496969 04440120 397160355535 0.318631 0.256675 0.2075590168463 0.112157 13 0600574 0.530321 0.468839 0114961 0.367698 0.326179 0.289661 0.229174 0.182069 0.145227 0 093164 14 0.577475 0.505068 0 442301 0.357817 0340461 0.299246 0.263331 0.204620 0.159710 0 125 195 0077857 15 0.555265 01017 0.417265 0 362446 0315242 0.274535 0219392 0.132696 0110096 0.107927 0061005 10 0.333903 0.453112 0.393616 0.3387330 2916900251570 02176290 163122 0122092 0.098041 O OSOBE 0.513393 0.436297 0.371361 010574 0.270269 0231073 0 197845 0.145614 0.107800 0.030207 0045073 18 0493620 0.415521 0.350344 0:29556 0250249 0211094 0:179859 0110010 0.094561 O 069144 0.037361 19 0.474642 0.395734 0.330513 0.276505 0.231712 0 191490 0.163508 0116107 0.052915 0.059007 0.031 01 07 IS 0020034 50 TI TABLE 2 PRESENT VALUE OF AN ANNUITY OF $1 M 5 1 0.961535 0952381 2 1886095 1859810 3 2.775091 2.723248 4 3629995 3.545951 5 4451522 4329477 5242137 5.075692 2 6.002055 5.786373 8 6.732745 6463213 9 7.435332 7.107322 10 110896 7.721735 11 3.760477 3.306114 12 9.3550774 3.563252 9.985615 9.393573 14 10 563123 9.090611 15 11 11:37 10379633 16 11652296 10 537770 12:165669 11274066 12.659797 11609557 19 13139939 19 085121 20 590376 1163210 69 0943396 1.833393 2673012 3465106 4212361 4917324 5.582381 6.209794 6 S01692 7160087 7,836875 5.333544 8.852603 9294954 9712319 10 105895 10277200 10.327603 11155116 1160921 75 5 99 10 125 11 16 20% 093457909259260917431 0909091 0892857 0.877193 0362069 0.833333 1 S09018 1753265 1759111 7355371690051 1686661 1605312 1527778 2.624316 2577097 2.531295 2.156852 2.401831 2.321632225890 2.10.13 3387211 3312127 3.239720 3169565 3.03739 29137122798181 2.558735 4100197 3992710 3.399651 3.790787 3.601776 3433081 3.2742942990612 4.7665404622300 44559194355261 111407 3.855665 3.684736 325510 5.389289 5. 206370 5032953 4568419 4563757 4258305438565 3.601592 3.971299 57466395534519 5.334926 4967600 463586 4.33591 3.837100 6515232 6.246688 5995247 5.7590245.328250 4916372 4.606544 L010902 7.003582671005! 6.417658 6.144567 5.650223 5216116 4833227 4192472 7.198674 7135961 6,305191 6.495061 5.9376995152733 50161 132000 7942616 7536078 7160725 6.313692 6.191374 5 6602925197107 4439717 8.357651 7903776 76907103356623543 5 342362 5349334 1532001 3.7456633.26.237 2750150 7366657 6.629168 6.002072 3467529 610362 9 107914 3.559419 11 060608 7.606000 6510861 6142168 5575456 1675 175 9.4.166.19 8539 0312558 7.893709697396 5.255060 500197 4220561 9.7632239121633 3513631 1021553 711960 672050 5743701 4.774 10.05900793715570755625 1201412249670 6.67420 5017845 312193 10335595 9603599 3.905115 6361920 726577 55039557755 10 59.40149.5151479120546 51356 71696 6623131 5.93141 1569550