ACC241 Uses of Accounting Info II - Online/iCourse - Spring B '2 Madison Holeman 04/20/21 10:24 PM Homework: Chapter 12 Homework (required) Save Score: 0 of 1 pt 8 of 10 (9 complete) HW Score: 88%, 8.8 of 10 pts E12-33A (similar to) Question Help Consider how Flint Valley, a popular ski resort, could use capital budgeting to decide whether the $9 million Stream Park Lodge expansion would be a good investment. (Click the icon to view the expansion estimates.) (Click the icon to view the present value annuity factor table.) (Click the icon to view the present value factor table.) (Click the icon to view the future value annuity factor table.) 3 (Click the icon to view the future value factor table.) Read the requirements Requirement 1. What is the project's NPV? Is the investment attractive? Why or why not? Calculate the net present value of the expansion. (Round your answer to the nearest whole dollar. Use parentheses or a minus sign for a negative net present value.) Net present value of expansion Enter any number in the edit fields and then click Check Answer. 3 parts remaining Clear All Check Answer X Do Homework - Chapter 12 Homework (required) - Google Chrome mathxl.com/Student/PlayerHomework.aspx?homeworkld=5939629018 questionld=10&flushed=true&cld=6449782&.centerwin=yes ACC241 Uses of Accounting Info II - Online/icourse - Spring B '2 Madison Holeman 3 | 04/20/21 10:25 PM Homework: Chapter 12 Homework (required) Save Score: 0 of 1 pt 8 of 10 (9 complete) HW Score: 88%, 8.8 of 10 pts Read the requirements Requirement 1. What is the project's NPV? Is the inve i Reference X Calculate the net present value of the expansion (Roy Net present value of expansion Future Value of $1 3% 4% 5% 20% 1.030 1.061 1% 1.010 1.020 1.030 1.041 1.051 2% 1.020 1.040 1.061 1.082 1.104 1.040 1.082 1.125 1.170 1.217 6% 1.060 1. 124 1.191 1.262 1.338 1.050 1.103 1.158 1.216 1.276 8% 1.080 1.166 1.260 1.360 1.469 10% 1.100 1.210 1.331 1.464 1.611 12% 1.120 1.254 1.405 1.574 1.762 14% 1.140 1.300 1.482 1.689 1.925 16% 1.160 1.346 1.561 1.811 2.100 1.093 18% 1.180 1.392 1.643 1.939 2.288 1.200 1.440 1.728 2.074 2.488 1.126 1.159 Periods Period 1 Period 2 Period 3 Period 4 Period 5 Period 6 Period 7 Period 8 Period 9 Period 10 Period 11 Period 12 Period 13 Period 14 Period 15 1.062 1.072 1.083 1.094 1.105 1.126 1.149 1.172 1.195 1.219 1.194 1.230 1.267 1.305 1.344 1.265 1.316 1.369 1.423 1.480 1.340 1.407 1.477 1.551 1.629 1.419 1.504 1.594 1.689 1.791 1.587 1.714 1.851 1.999 2.159 1.772 1.949 2.144 2.358 2.594 1.974 2.211 2.476 2.773 3.106 2.195 2.502 2.853 3.252 3.707 2.436 2.826 3.278 3.803 4.411 2.700 3.185 3.759 4.435 5.234 2.986 3.583 4.300 5.160 6.192 Enter any number in the edit fields and then click C parts remaining Check Answer 1.116 1.127 1.138 1.149 1.161 1.243 1.268 1.294 1.319 1.346 1.384 1.426 1.469 1.513 1.558 1.539 1.601 1.665 1.732 1.801 1.710 1.796 1.886 1.980 2.079 1.898 2 332 2012 2.518 2.133 2.720 2.261 2.937 2.397 3.172 2.853 3.479 4.226 5.117 6.176 3.138 3.896 4.818 5.936 7.288 3.452 4.363 5.492 6.886 8.599 3.797 4.887 6.261 7.988 10.147 4.177 5.474 7.138 9.266 11.974 6.727 9.646 13.743 19.461 27.393 10.835 17.000 26.462 40.874 62.669 7.430 8.916 10.699 12.839 15.407 Period 20 Period 25 1.220 1.282 1.486 1.641 1.806 2.191 2.653 2.094 2.666 3.386 3.207 4.292 4.661 6.848 38.338 95.396 Print Done Done Type here to search } || N W 99+ A 1x 10:25 PM 4/20/2021 22 ACC241 Uses of Accounting Info II - Online/iCourse - Spring B '2 Madison Holeman : 04/20/21 10:25 PM Homework: Chapter 12 Homework (required) Save Score: 0 of 1 pt 8 of 10 (9 complete) HW Score: 88%, 8.8 of 10 pts Read the requirements Requirement 1. What is the project's NPV? Is the investm i Reference - X Calculate the net present value of the expansion (Round Net present value of expansion Present Value of $1 Periods 1% 2% 3% 4% 5% 6% 8% 10% 12% 14% 16% 18% 20% Period 1 0.990 0.980 0.971 0.962 0.952 0.943 0.926 0.909 0.893 0.877 0.862 0.847 0.833 Period 2 0.980 0.961 0.943 0.925 0.907 0.890 0.857 0.826 0.797 0.769 0.743 0.718 0.694 Period 3 0.971 0.9420.915 0.889 0.864 0.840 0.794 0.751 0.712 0.675 0.641 0.609 0.579 Period 4 0.961 0.924 0.888 0.855 0.823 0.792 0.735 0.683 0.636 0.592 0.552 0.516 0.482 Period 5 0.951 0.906 0.863 0.822 0.784 0.747 0.681 0.621 0.567 0.519 0.476 0.437 0.402 Period 6 0.942 0.888 0.837 0.790 0.746 0.705 0.630 0.564 0.507 0.456 0.410 0.370 0.335 Period 7 0.933 0.871 0.813 0.760 0.711 0.665 0.583 0.513 0.452 0.400 0.354 0.314 0.279 Period 80.923 0.853 0.789 0.731 0.677 0.627 0.540 0.467 0.404 0.351 0.305 0.266 0.233 Period 90.914 0.837 0.766 0.703 0.6450.592 0.500 0.424 0.361 0.308 0.263 0.225 0.194 Period 10 0.905 0.820 0.744 0.676 0.614 0.558 0.463 0.386 0.322 0.270 0.227 0.1910.162 Period 11 0.896 0.804 0.722 0.650 0.585 0.527 0.429 0.350 0.287 0.237 0.1950.162 0.135 Period 12 0.887 0.788 0.701 0.625 0.557 0.497 0.397 0.319 0.257 0.208 0.168 0.137 0.112 Period 13 0.879 0.773 0.681 0.601 0.530 0.469 0.368 0.290 0.229 0.182 0.145 0.116 0.093 Period 14 0.870 0.758 0.661 0.577 0.505 0.442 0.340 0.263 0.205 0.160 0.125 0.099 0.078 Period 15 0.861 0.743 0.642 0.555 0.481 0.417 0.315 0.239 0.183 0.140 0.108 0.084 0.065 Period 20 0.820 0.673 0.554 0.456 0.377 0.312 0.215 0.149 0.104 0.073 0.051 0.037 0.026 Period 25 0.780 0.610 0.478 0.375 0.295 0.233 0.233 0.146 0.092 0.059 0.038 0.024 0.0160.010 Enter any number in the edit fields and then click Check parts remaining Check Answer Print Done Done ACC241 Uses of Accounting Info II - Online/icourse - Spring B '2 Madison Holeman | 04/20/21 10:24 PM Homework: Chapter 12 Homework (required) Save Score: 0 of 1 pt 8 of 10 (9 complete) HW Score: 88%, 8.8 of 10 pts Read the requirements Requirement 1. What is the project's NPV? Is the i 0 Reference x Calculate the net present value of the expansion Net present value of expansion 16% 1.000 2.160 3.506 5.066 6.877 18% 1.000 2.180 3.572 5.215 7.154 20% 1.000 2.200 3.640 5.368 7.442 Periods Period 1 Period 2 Period 3 Period 4 Period 5 Period 6 Period 7 Period 8 Period 9 Period 10 Period 11 Period 12 Period 13 Period 14 Period 15 Period 20 Period 25 Future Value of Annuity of $1 1% 2% 3% 4% 5% 6% 8% 10% 12% 14% 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 2.010 2.020 2.030 2.040 2.050 2.060 2.080 2.100 2.120 2.140 3.030 3.060 3.091 3.122 3.153 3.184 3.246 3.310 3.374 3.440 4.060 4.122 4.184 4.246 4 310 4.375 4.506 4.641 4.779 4.921 5.101 5.204 5.309 5.416 5.526 5.637 5.867 6.105 6.353 6.610 6.152 6.308 6.468 6.633 6.802 6.975 7.336 7.716 8. 115 8.536 7.214 7.434 7.662 7.898 8.142 8.394 8.923 9.487 10.089 10.730 8.286 8.583 8.8929.214 9.549 9.897 10.637 11.436 12.300 13.233 9.369 9.755 10.159 10.583 11.027 11.491 12.488 13.579 13.579 14.776 16.085 10.462 10.950 11.464 12.006 12.578 13.181 14.48715.937 17.549 19.337 11.567 12.169 12.808 13.486 14.207 14.972 16.645 18.531 20.655 23.045 12.683 13.412 14.192 15.026 15.917 16.870 18.977 21.384 24.133 27.271 13.809 14.680 15.618 16.627 17.713 18.882 21.495 24.523 28.029 32.089 14.947 15.974 17.086 18.292 19.599 21.015 24.215 27.975 32.393 37.581 16.097 17.293 18.599 20.024 21.579 23.276 27.152 31.772 37.280 43.842 22.019 24 297 26.870 29.778 33.066 36.786 45.762 45.762 57.275 57.275 72.052 91.025 28.243 32.03036.459 41.646 47.727 54.865 73.106 98.347 133.334 181.871 8.977 11.414 14.240 17.519 21.321 9.442 12.142 15.327 19.086 23.521 Enter any number in the edit fields and then clich 9.930 12.916 16.499 20.799 25.959 32.150 39.581 48.497 59.196 72.035 3 parts remaining Check Answer 25.733 30.850 36.786 43.672 51.660 28.755 34.931 42.219 50.818 60.965 115.380 249.214 146.628 342.603 186.688 471.981 Print Done Done ACC241 Uses of Accounting Info II - Online/iCourse - Spring B '2 Madison Holeman : | 04/20/21 10:24 PM Homework: Chapter 12 Homework (required) Save Score: 0 of 1 pt 8 of 10 (9 complete) HW Score: 88%, 8.8 of 10 pts Read the requirements. Requirement 1. What is the project's NPV? Is the investm Reference - X Calculate the net present value of the expansion (Round Net present value of expansion 20% 0.833 1.528 2.106 2.589 2.991 Present Value of Annuity of $1 Periods 1% 2% 3% 4% 5% 6% 8% 10% 12% 14% 16% 18% Period 1 0.990 0.980 0.971 0.962 0.952 0.943 0.926 0.909 0.893 0.877 0.862 0.847 Period 2 1.970 1.942 1.913 1.886 1.859 1.833 1.783 1.736 1.690 1.647 1.605 1.566 Period 3 2.941 2.884 2.829 2.775 2.723 2.673 2.577 2.487 2402 2.322 2.246 2.174 Period 4 3.902 3.808 3.717 3.630 3.546 3.465 3.312 3.170 3.037 2.914 2.798 2.690 Period 5 4.853 4.713 4.580 4.452 4.329 4.212 4.329 4.212 3.993 3.791 3.605 3.433 3.274 3.127 Period 6 5.795 5.601 5.417 5.2425.076 4.917 4.623 4.355 4.111 3.889 3.685 3.498 Period 7 6.728 6.472 6.230 6.002 5.786 5.5825.206 4.868 4.564 4.288 4.039 3.812 Period 8 7.652 7.325 7.020 6.733 6.463 6.210 5.747 5.335 4.968 4.639 4.344 4.078 Period 9 8.566 8.1627.786 7.435 7.108 6.802 6.247 5.759 5.328 4.946 4.607 4.303 Period 10 9.471 8.983 8.530 8.111 7.722 7.360 6.710 6.145 5.650 5.216 4.833 4.494 Period 11 | 10.368 9.787 9.253 8.760 8.306 7.887 7.139 6.495 5.938 5.453 5.029 4.656 Period 12 | 11.255 10.575 9.954 9.385 8.863 8.384 7.536 6.814 6.194 5.660 5.197 4.793 Period 1312.134 11.348 10.635 9.986 9.394 8.853 7.904 7.103 6.424 5.842 5.342 4.910 Period 14 13.004 12.106 11.296 10.563 9.899 9.295 8.244 7.3676.628 6.002 5.468 5.008 Period 15 | 13.865 12.849 11.938 11.118 10.380 9.712 8.559 7.606 6.811 6.142 5.575 5.092 Period 2018.046 16.351 14.877 13.590 12.462 11.470 9.818 8.514 7.469 6.623 5.929 5.353 Period 25 22.023 19.523 17.413 15.622 14.094 12.783 10.675 9.077 7.843 6.8736.097 5.467 3.326 3.605 3.837 4.031 4.192 Enter any number in the edit fields and then click Check 3 parts Check Answer remaining 4.327 4.439 4.533 4.611 4.675 4.870 4.948 Print Done ACC241 Uses of Accounting Info II - Online/iCourse - Spring B '2 Madison Holeman & 04/20/21 10:24 PM Homework: Chapter 12 Homework (required) Save Score: 0 of 1 pt 8 of 10 (9 complete) HW Score: 88%, 8.8 of 10 pts (Click the icon to view the future value annuity factor table.) (Click the icon to view the future value factor table.) Read the requirements - X Data Table Requirement 1. What is the project's NPV? Is the investment attractive? V Calculate the net present value of the expansion. (Round your answer to th value.) Net present value of expansion Assume that Flint Valley's managers developed the following estimates concerning a planned expansion to its Stream Park Lodge (all numbers assumed) Number of additional skiers per day..... 124 Average number of days per year that weather conditions allow skiing at Flint Valley.. 165 Useful life of expansion (in years) 8 Average cash spent by each skier per day...... 247 Average variable cost of serving each skier per day . $ 138 Cost of expansion... $ 9,000,000 Discount rate......... 14% Assume that Flint Valley uses the straight-line depreciation method and expects the lodge expansion to have a residual value of $750,000 at the end of its eight-year life. It has already calculated the average annual net cash inflow per year to be $2,230,140 Enter any number in the edit fields and then click Check Answer. parts remaining Check Answer Print Done Done