a. Fill in the following table from Appendix B.(Round your answers to 3 decimal places.) Discount Rate 6% 15% Years 1 10 20 b. Does the choice between a low or a high discount rate have a greater impact on short-term or long-term cash flows? Long-term Short-term Appendix 3 Present value of St. PV PV=FV 1 In+ Period 8% 2 0.901 0812 5 5 0731 0.659 0593 0535 0.482 0434 7 0391 10 11 12 12 14 15 15 0.990 0.980 0.971 0.951 951 0.942 0933 0.923 0.914 0.905 0.896 0887 0.879 0.870 0.861 0.853 0.844 0.835 0.828 0820 0.780 0.742 0672 0.500 2 0.980 0.961 0942 0.924 0.906 0.888 0.871 0.853 0.837 0.820 0.804 0.788 0.773 0.758 0.743 0.728 0.714 0.700 0.686 0.673 0.510 0.552 0.453 0372 3 0.971 0943 0915 O 888 0.853 0837 0.813 0.789 0766 0.744 0.722 0.701 0681 0561 0.642 0.623 0 505 0.587 0570 0554 0.478 0.412 0 307 0.228 0.962 0.925 0.889 0.855 0.822 0.790 0.760 0.731 0.703 0.675 0.650 0.625 0.601 0.577 0.555 0534 0513 0.494 0.475 0.455 0.375 0.300 0.208 0.141 5% 0.952 0.907 0.864 0.823 0.784 0.746 0.711 0.677 0.645 0.614 0.585 0.557 0.530 0.505 0.481 0.458 0.436 0416 0.396 0.377 0.295 0.231 0.142 0.087 Percent 6 7% 0.943 0.935 0.890 0.873 0.840 0.816 0.792 0.763 0.747 0.713 0.705 0.666 0.665 0.623 0.627 0.582 0.592 0.544 0.558 0.508 0.527 0.475 0.497 0.444 0.469 0.415 0.442 0.388 0.417 0.362 0.394 0.339 0.371 0.317 0.350 0.296 0.331 0.277 0.312 0.258 0.233 0.184 0.174 0.131 0.097 0.067 0.054 0.034 0.925 0.857 0.794 0.735 0.681 0.630 0.583 0.540 0.500 0.463 0.429 0,397 0.368 0.340 0.315 0.292 0.270 0.250 0.232 0.215 0.146 0.099 0.046 0021 9% 0.917 0.842 0.772 0.708 0.650 0.596 0.547 0.502 0.450 0.422 0.388 0.356 0.326 0.299 0.275 0.252 0.231 0.212 0.194 0.178 0.116 0.075 0.032 0.013 10% 0909 0,826 0.751 0.683 0.621 0.564 0.513 0.467 0424 0386 0.350 0.319 0.290 0.263 0.239 0.218 0.198 0 180 0.164 0.149 0092 0.057 0.022 0.009 0352 0.317 0.286 0.258 0.232 0.209 0.188 0.170 0.153 0.138 02124 0.074 0.044 0.015 0.005 12 0.993 0.797 0.712 0.636 0.567 0507 0452 0.404 0.361 0.322 0.287 0.257 0.229 0.205 0.183 0.163 0.146 0 130 0.116 0.104 0.059 0033 0.011 0.003 18 19 20 25 30 40 50