ACCA Menunting For 4 22 Homework Case Study 3 Question 1. P12-678 be ON O PO W a www Future Value of $1 20% 16% 1.160 1.346 Periods Period 1 Period 2 Period 3 Period 4 Period 5 Period 6 Period 7 Period 8 Period 9 Period 10 1% 1010 1020 1.030 1041 1051 2% 1.020 1.040 1061 1.082 1. 102 3% 1030 1061 1.093 1126 1.159 4% 1040 1.082 1125 1.170 1217 5% 1.050 1.103 1158 1.216 1-276 6% 1060 1.124 1191 1262 1388 8% 1.080 1.166 1 260 1E360 1469 10% 1.100 1210 1331 1464 1811 12% 1120 1254 1.405 1.574 1.762 14% 1.140 1.300 1.482 1.689 1.925 18% 1.180 1.392 1.643 1.939 2.288 1.561 1.811 2100 1.200 1440 1.728 2074 2488 265 1.587 1072 1.083 1094 1126 1149 1.172 1.195 1219 1.194 1 230 1 267 1.805 1 342 +316 1369 1.423 1480 1419 1.504 1594 1689 1.791 1.772 1949 2 144 2 358 2.594 1851 1.999 22159 1974 2211 2476 2.773 8.108 2 195 2.502 2853 9.252 3.707 2436 2.826 3.278 3803 4411 2.700 3.185 3.759 4 435 5.234 2988 3.583 4.300 5160 8192 1.55 1829 1288 Period 11 Period 12 Period 13 Period 14 Period 15 1.116 1122 11138 1.149 1161 1294 1 319 346 1384 1426 1489 1513 1558 1.539 1.601 1865 1732 1801 1710 1.796 1.886 1.980 2079 1.898 2332 2853 3479 4.226 5111 8.78 430 2012 2548 3.138 SE896 4818 5.938 288 898 2 133 2720 3.452 4 363 5.492 8888 8.599 10699 2 261 2987 9.797 4887 6.261 1.988 12 889 2.397 3.172 5374 1.188 3207 4861 8.721 9.846 13=45948127398 98.338 2292 6.848 108351700028 482 408282 889 95.39 5749 40.069 44929.960 50 98088.880143 371 28376 102032123332599205183623781290 37845932 S 2858 1486 844 1808 2094 Period 20 Period 25 Period 30 Period 40 1220 282 348 1489 3243 2322 2208 3 262 Present Value of $1 Periods Penod 1 Period 2 Period 3 Period 4 Period 5 1% 3% 0.990 0.980 0.971 0.980 0.961 0.943 0.971 0.942 0.915 0.961 0.924 0.888 0.951 0.906 0.863 4% 5% 0.962 0.952 0.925 0.907 0.889 0.864 0.855 0.823 0.822 0.784 6% 0.943 0.890 0.840 0.792 0.747 8%. 10% 0.926 0.909 0.857 0.826 0.794 0.751 0.755 0.683 0.681 0.621 12% 0.893 0.797 0.712 0.636 0.567 14% 0.877 0.769 0.675 0.592 0.519 16% 18% 0.862 0.847 0.743 0.718 0.641 0.609 0.5520 516 0.476 0.437 20% 0.833 0.694 0.579 0.482 0.402 Period 6 0.942 0.888 Period 7 0.933 0.871 Period 8 0.923 0.853 Period 9 0.914 0.837 Period 10 0.905 0.820 0.837 0.813 0.789 0.766 0.744 0.790 0.760 0.731 0.703 0.676 0.746 0.711 0.677 0.645 0.614 0.705 0.630 0.564 0.665 0.583 0.518 0.627 0.540 0.467 0.592 0.500 0.424 0.558 0.465 0.386 0.507 0.456 0 452 0 400 0.404 0.351 0.361 0.308 0.322 0.270 0.410 0.354 0.305 0.263 0.227 0.370 0.314 0 266 0.225 0.191 0.335 0 279 0.233 0.194 0.162 Period 11 0.896 0.804 0.722 0.650 0.585 0.527 0.429 0.350 0.287 0.237 0.195 0.162 0.135 Period 120.887 0.788 0.701 0.625 0.557 0.497 0.897 0.3190 2570 208 0.16801137 0 112 Period 13 0.879 0.773 0.6811 0.601 0.530 0.469 0.368 0290 0.229 08182 0.145 0.098 Period 14 0 870 0.758 0.661 0.570505 0.442 0.340 0.268 0205 0.180 0.125 0 099 0.078 Period 15 0.861 0.743 0.842 0.555 0431 0417 0.816 0.2890 1890 1400 108 0034 0.065 Period 20 0.820 0.675 0.554 0 456 0977 0.9120218 019 0104 0 OTS 0051 0.037 0.028 Period 25 0.780 0610 0.478 0.875 0.295 0.283 0.145 0.092 0.059 0038 00240018 0.010 Period 30 0.742 0.582 0.412 0608 0.231 0.174 0.099 00517 0 000 0.020 0.01 0.0070004 Period 2002 0493 0 2070 205 420.0970043 000110 000 000 0001 0.001 Future Value of Annuity of $1 % 6% Periods Porod 1 Period 2 Period 3 Period 4 Period 5 1% 1.000 2010 3.030 4.060 5. 101 2% 1000 2020 3.060 4.122 5.204 3% 1000 2030 3.091 4.184 5.309 1000 2.040 3122 4 246 5.416 5%. 1.000 2.050 3.153 4.310 5.526 1.000 2.060 3.184 4,375 5.637 8% 1.000 2.080 3.246 4.506 5.867 10% 1.000 2.100 3.310 4.641 6.105 12% 1.000 2.120 9.374 4.779 6353 14% 1.000 2.140 3.440 4.921 6.610 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 Period 6 Period 7 Period 8 Period 9 Period 10 6.152 6.308 6.468 6.633 6.802 6.975 7 338 716 7214 7.434 7,662 7.898 8.142 3.394 8.923 9.487 8.286 8.583 8.892 9.214 9.549 9.897 10.637 1436 9.359 9.755 10.159 10.533 11.027 11.491 12.488 13.579 10 462 10.950 11.454120062.578 13.181 14.487 | 15:937 8.115 10 089 12 300 14.776 17 549 8.536 10.730 13 233 16.085 19.337 8.977 11 414 14 240 17,519 21.321 9.442 12.142 15.327 19.086 23.521 9.930 12.916 16.499 20.799 25.959 Period 11 Period 12 Period 13 Period 14 Period 15 11.567 12. 169 12.808 13.486 14 207 14.972 16.645 18:53120.855 23.045 25.783 23.755 32.150 12 683 13.412 14 192 15.026 15.917 46.870 18.97721.984 24 133 27 271 30.350 34.931 99.581 13.809 14.680 16.61816.62717.713 18.882 21.495 24.529 28.029 32 089 38.788 42219 48 497 14.94715.974 17.086 18.292 19.599 21.01524 215 27.97532.393 37581 43.872 30 318 59.196 16.09717 29918.599 20.024 21579232782715231.772 37 280 43.842 51.660 80 985 72.035 22.019 24 297 26870 2977833,08836.788 45762 57.27572052 94028 115 $80 148.828 28.243 32 030 | 38 259 41 846 4772784 885 73.108 98.347 133 334 181871 249 214 342 800 2371981 3478540.568 41.67656 0858643979.058 118.283 184 494 241399356787 530 912790.948 181 382 48.88680.402-540195 026 120 80015482259 057-42.598787091 342 02523803 183218343558 Period 20 Period 25 Period 30 Period 40 Present Value of Annuity of $1 5% 18% 0.847 1.566 2.174 2.690 3.127 20% 0.833 1.528 2.106 2.589 2.991 Periods 1% 2% 3% 4% 6% 8% 10% 12% 14% 16% Period 1 0.990 0.980 0.971 0.962 0.952 0.943 0.926 0.909 0.893 0.877 0.862 Period 2 1.970 1.942 1.913 1.886 1.859 1.833 1.783 1.736 1.690 1.647 1.605 Period 3 2.941 2.884 2.829 2.775 2.723 2.673 2.577 2.487 2.402 2.322 2.246 Period 4 3.902 3.808 3.717 3.630 3.5463,465 3.312 3.170 3.037 2.914 2.798 Period 5 4.853 4.713 4.580 4.452 4.329 4.2123.993 3.791 3.605 3.433 3.274 Period 6 5.795 5.601 5.417 5.2425.0764.917 4.623 4.355 4.111 3.889 3.685 Period 7 6.728 6.4726.230 6.0025.7865.5825.206 4.868 4.564 4.288 4.039 Period 8 7.652 7.325 7.020 6.733 6.463 6.210 5.747 5.335 4.968 4.639 4.344 Period 9 8.566 8.162 7.786 7.435 7.108 6.8026.247 5.759 5.328 4.946 4.607 Period 10 9.471 8.9838.530 8.111 7.722 7.360 6.710 6.145 5.6505.216 4.833 Period 1110.368 9.7879.253 8.760 8.3067.887 7.139 6.495 5.938 5.4535.029 Period 12 11.255 10.575 9.954 9.3858.8638.384 7.536 6.814 6.194 5.660 5.197 Period 13 12.134 11.348 10.635 9.9869.3948.853 7.904 7.103 6.424 5.842 5.342 Period 1413.004 12.10611296 10.563 9.899 9.2958.2447.3676.628 6.002 5.468 Period 15 13.865 12.849 11.938 11.11810.380 9.7128.5597.606 6.811 6.142 5.575 Period 20 18.046 16.85114 877 13.590 12.462 11.470 9.818 8.514 7.489 6.623 5.929 Period 25 22.023 19.52317 418 15.6221409412.78310 875 9.077 7.8436873 8.097 Period 30 25.808 22 39819 800 17.292 16.07213.76519 2589.4278.055 7.000 6.177 Period 40 32 835 27 355 23.11819.79917 159 15.048 11.928 9779 8 244 3.498 3.812 4.078 4.303 4.494 3.326 3.605 3.837 4.031 4. 192 4.656 4.793 4.910 5.008 5.092 4.327 4.439 4.533 4.611 4.675 5.353 6.467 5.517 4.870 4.948 4.979 - 6 Requirement 1. Compute the payback period, the ARR, the NPV. and the approximate IRR of this investment. (Round the payback period to one desimal place.) The payback period in years) ACCA Menunting For 4 22 Homework Case Study 3 Question 1. P12-678 be ON O PO W a www Future Value of $1 20% 16% 1.160 1.346 Periods Period 1 Period 2 Period 3 Period 4 Period 5 Period 6 Period 7 Period 8 Period 9 Period 10 1% 1010 1020 1.030 1041 1051 2% 1.020 1.040 1061 1.082 1. 102 3% 1030 1061 1.093 1126 1.159 4% 1040 1.082 1125 1.170 1217 5% 1.050 1.103 1158 1.216 1-276 6% 1060 1.124 1191 1262 1388 8% 1.080 1.166 1 260 1E360 1469 10% 1.100 1210 1331 1464 1811 12% 1120 1254 1.405 1.574 1.762 14% 1.140 1.300 1.482 1.689 1.925 18% 1.180 1.392 1.643 1.939 2.288 1.561 1.811 2100 1.200 1440 1.728 2074 2488 265 1.587 1072 1.083 1094 1126 1149 1.172 1.195 1219 1.194 1 230 1 267 1.805 1 342 +316 1369 1.423 1480 1419 1.504 1594 1689 1.791 1.772 1949 2 144 2 358 2.594 1851 1.999 22159 1974 2211 2476 2.773 8.108 2 195 2.502 2853 9.252 3.707 2436 2.826 3.278 3803 4411 2.700 3.185 3.759 4 435 5.234 2988 3.583 4.300 5160 8192 1.55 1829 1288 Period 11 Period 12 Period 13 Period 14 Period 15 1.116 1122 11138 1.149 1161 1294 1 319 346 1384 1426 1489 1513 1558 1.539 1.601 1865 1732 1801 1710 1.796 1.886 1.980 2079 1.898 2332 2853 3479 4.226 5111 8.78 430 2012 2548 3.138 SE896 4818 5.938 288 898 2 133 2720 3.452 4 363 5.492 8888 8.599 10699 2 261 2987 9.797 4887 6.261 1.988 12 889 2.397 3.172 5374 1.188 3207 4861 8.721 9.846 13=45948127398 98.338 2292 6.848 108351700028 482 408282 889 95.39 5749 40.069 44929.960 50 98088.880143 371 28376 102032123332599205183623781290 37845932 S 2858 1486 844 1808 2094 Period 20 Period 25 Period 30 Period 40 1220 282 348 1489 3243 2322 2208 3 262 Present Value of $1 Periods Penod 1 Period 2 Period 3 Period 4 Period 5 1% 3% 0.990 0.980 0.971 0.980 0.961 0.943 0.971 0.942 0.915 0.961 0.924 0.888 0.951 0.906 0.863 4% 5% 0.962 0.952 0.925 0.907 0.889 0.864 0.855 0.823 0.822 0.784 6% 0.943 0.890 0.840 0.792 0.747 8%. 10% 0.926 0.909 0.857 0.826 0.794 0.751 0.755 0.683 0.681 0.621 12% 0.893 0.797 0.712 0.636 0.567 14% 0.877 0.769 0.675 0.592 0.519 16% 18% 0.862 0.847 0.743 0.718 0.641 0.609 0.5520 516 0.476 0.437 20% 0.833 0.694 0.579 0.482 0.402 Period 6 0.942 0.888 Period 7 0.933 0.871 Period 8 0.923 0.853 Period 9 0.914 0.837 Period 10 0.905 0.820 0.837 0.813 0.789 0.766 0.744 0.790 0.760 0.731 0.703 0.676 0.746 0.711 0.677 0.645 0.614 0.705 0.630 0.564 0.665 0.583 0.518 0.627 0.540 0.467 0.592 0.500 0.424 0.558 0.465 0.386 0.507 0.456 0 452 0 400 0.404 0.351 0.361 0.308 0.322 0.270 0.410 0.354 0.305 0.263 0.227 0.370 0.314 0 266 0.225 0.191 0.335 0 279 0.233 0.194 0.162 Period 11 0.896 0.804 0.722 0.650 0.585 0.527 0.429 0.350 0.287 0.237 0.195 0.162 0.135 Period 120.887 0.788 0.701 0.625 0.557 0.497 0.897 0.3190 2570 208 0.16801137 0 112 Period 13 0.879 0.773 0.6811 0.601 0.530 0.469 0.368 0290 0.229 08182 0.145 0.098 Period 14 0 870 0.758 0.661 0.570505 0.442 0.340 0.268 0205 0.180 0.125 0 099 0.078 Period 15 0.861 0.743 0.842 0.555 0431 0417 0.816 0.2890 1890 1400 108 0034 0.065 Period 20 0.820 0.675 0.554 0 456 0977 0.9120218 019 0104 0 OTS 0051 0.037 0.028 Period 25 0.780 0610 0.478 0.875 0.295 0.283 0.145 0.092 0.059 0038 00240018 0.010 Period 30 0.742 0.582 0.412 0608 0.231 0.174 0.099 00517 0 000 0.020 0.01 0.0070004 Period 2002 0493 0 2070 205 420.0970043 000110 000 000 0001 0.001 Future Value of Annuity of $1 % 6% Periods Porod 1 Period 2 Period 3 Period 4 Period 5 1% 1.000 2010 3.030 4.060 5. 101 2% 1000 2020 3.060 4.122 5.204 3% 1000 2030 3.091 4.184 5.309 1000 2.040 3122 4 246 5.416 5%. 1.000 2.050 3.153 4.310 5.526 1.000 2.060 3.184 4,375 5.637 8% 1.000 2.080 3.246 4.506 5.867 10% 1.000 2.100 3.310 4.641 6.105 12% 1.000 2.120 9.374 4.779 6353 14% 1.000 2.140 3.440 4.921 6.610 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 Period 6 Period 7 Period 8 Period 9 Period 10 6.152 6.308 6.468 6.633 6.802 6.975 7 338 716 7214 7.434 7,662 7.898 8.142 3.394 8.923 9.487 8.286 8.583 8.892 9.214 9.549 9.897 10.637 1436 9.359 9.755 10.159 10.533 11.027 11.491 12.488 13.579 10 462 10.950 11.454120062.578 13.181 14.487 | 15:937 8.115 10 089 12 300 14.776 17 549 8.536 10.730 13 233 16.085 19.337 8.977 11 414 14 240 17,519 21.321 9.442 12.142 15.327 19.086 23.521 9.930 12.916 16.499 20.799 25.959 Period 11 Period 12 Period 13 Period 14 Period 15 11.567 12. 169 12.808 13.486 14 207 14.972 16.645 18:53120.855 23.045 25.783 23.755 32.150 12 683 13.412 14 192 15.026 15.917 46.870 18.97721.984 24 133 27 271 30.350 34.931 99.581 13.809 14.680 16.61816.62717.713 18.882 21.495 24.529 28.029 32 089 38.788 42219 48 497 14.94715.974 17.086 18.292 19.599 21.01524 215 27.97532.393 37581 43.872 30 318 59.196 16.09717 29918.599 20.024 21579232782715231.772 37 280 43.842 51.660 80 985 72.035 22.019 24 297 26870 2977833,08836.788 45762 57.27572052 94028 115 $80 148.828 28.243 32 030 | 38 259 41 846 4772784 885 73.108 98.347 133 334 181871 249 214 342 800 2371981 3478540.568 41.67656 0858643979.058 118.283 184 494 241399356787 530 912790.948 181 382 48.88680.402-540195 026 120 80015482259 057-42.598787091 342 02523803 183218343558 Period 20 Period 25 Period 30 Period 40 Present Value of Annuity of $1 5% 18% 0.847 1.566 2.174 2.690 3.127 20% 0.833 1.528 2.106 2.589 2.991 Periods 1% 2% 3% 4% 6% 8% 10% 12% 14% 16% Period 1 0.990 0.980 0.971 0.962 0.952 0.943 0.926 0.909 0.893 0.877 0.862 Period 2 1.970 1.942 1.913 1.886 1.859 1.833 1.783 1.736 1.690 1.647 1.605 Period 3 2.941 2.884 2.829 2.775 2.723 2.673 2.577 2.487 2.402 2.322 2.246 Period 4 3.902 3.808 3.717 3.630 3.5463,465 3.312 3.170 3.037 2.914 2.798 Period 5 4.853 4.713 4.580 4.452 4.329 4.2123.993 3.791 3.605 3.433 3.274 Period 6 5.795 5.601 5.417 5.2425.0764.917 4.623 4.355 4.111 3.889 3.685 Period 7 6.728 6.4726.230 6.0025.7865.5825.206 4.868 4.564 4.288 4.039 Period 8 7.652 7.325 7.020 6.733 6.463 6.210 5.747 5.335 4.968 4.639 4.344 Period 9 8.566 8.162 7.786 7.435 7.108 6.8026.247 5.759 5.328 4.946 4.607 Period 10 9.471 8.9838.530 8.111 7.722 7.360 6.710 6.145 5.6505.216 4.833 Period 1110.368 9.7879.253 8.760 8.3067.887 7.139 6.495 5.938 5.4535.029 Period 12 11.255 10.575 9.954 9.3858.8638.384 7.536 6.814 6.194 5.660 5.197 Period 13 12.134 11.348 10.635 9.9869.3948.853 7.904 7.103 6.424 5.842 5.342 Period 1413.004 12.10611296 10.563 9.899 9.2958.2447.3676.628 6.002 5.468 Period 15 13.865 12.849 11.938 11.11810.380 9.7128.5597.606 6.811 6.142 5.575 Period 20 18.046 16.85114 877 13.590 12.462 11.470 9.818 8.514 7.489 6.623 5.929 Period 25 22.023 19.52317 418 15.6221409412.78310 875 9.077 7.8436873 8.097 Period 30 25.808 22 39819 800 17.292 16.07213.76519 2589.4278.055 7.000 6.177 Period 40 32 835 27 355 23.11819.79917 159 15.048 11.928 9779 8 244 3.498 3.812 4.078 4.303 4.494 3.326 3.605 3.837 4.031 4. 192 4.656 4.793 4.910 5.008 5.092 4.327 4.439 4.533 4.611 4.675 5.353 6.467 5.517 4.870 4.948 4.979 - 6 Requirement 1. Compute the payback period, the ARR, the NPV. and the approximate IRR of this investment. (Round the payback period to one desimal place.) The payback period in years)