9. Oriole Co. purchased some equipment 3 years ago. The companys required rate of return is 12%, and the net present value of the project was $(2100). Annual cost savings were: $19000 for year 1; $15000 for year 2; and $11000 for year 3. The amount of the initial investment was

Year	Present Value of 1 at 12%	PV of an Annuity of 1 at 12%
1	0.893	0.893
2	0.797	1.690
3	0.712	2.402

$38854.

$34654.

$38130.

$33930.

10. Blue Spruce, Inc. is considering purchasing equipment costing $84000 with a 6-year useful life. The equipment will provide annual cost savings of $22600 and will be depreciated straight-line over its useful life with no salvage value. Blue Spruce requires a 10% rate of return.

	Present Value of an Annuity of 1
Period	8%	9%	10%	11%	12%	15%
6	4.623	4.486	4.355	4.231	4.111	3.784

What is the approximate net present value of this investment?

$17384

$14423

$51600

$11620

11. Bramble, Inc. is considering purchasing equipment costing $36000 with a 6-year useful life. The equipment will provide annual cost savings of $10600 and will be depreciated straight-line over its useful life with no salvage value. Bramble requires a 10% rate of return.

	Present Value of an Annuity of 1
Period	8%	9%	10%	11%	12%	15%
6	4.623	4.486	4.355	4.231	4.111	3.784

What is the approximate profitability index associated with this equipment?

1.38

1.28

0.73

1.25

Please answer all! Thank you !