Assume that a company has provided the following information regarding a capital Investment opportunity. Initial investment in equipment Initial investment in working capital Estimated annual sales Estimated annual cash operating expenses $160,000 $ 25,000 $150,000 $ 76,000 Click here to view Exhibit 148-1 and Exhibit 140-2. to determine the appropriate discount factor(s) using the tables provided. The equipment has a four-year useful life and no salvage value. The working capital will be released at the end of the project. The company's tax rate is 330%. Assuming a discount rate of 18%, the net present value of this investment is closest to EXCIT 1801 Present Value of Sta. Penos 53 7X 92 10% 115 126 13% 153 123 20% 19% 215 223 1 23 0.962 0 952 0943 0935 0.926 0917 24% 0.909 0.901 0893 0.885 0.877 0.870 0.362 0856 0347 0.8400833 0826 0.820 0.313 0.006 0800 2 0.925 0.07 0.890 0.873 0857 0.842 0826 0.812 0797 0783 0.769 0.756 0743 0731 0718 3 0.89 0.864 0.840 0.816 0794 0712 0.751 0706 0.694 0.683 0672 0.667 0.650 0.610 0731 0712 0693 0.675 0658 0.641 0.624 0.609 0.593 0.579 0564 0.551 0.5370524 0.512 4 0.855 0823 0792 0.763 0735 0.78 0.683 0.659 0036 0600 0.592 0572 0552 0534 0.516 0.499 0.482 04670451 0.437 0.423 0.450 5 0.822 0784 0.747 0.713 0681 0.650 0.621 0.590 0567 0.543 059 0497 0.476 0456 0.437 0.419 0.402 0.386 0.370 0.355 0341 0.328 6 0.790 0.746 0.705 0.666 06.30 0.596 0.564 055 0.507 0.400 0.456 0.432 0410 0.390 0.370 0352 0.335 0.19 0.303 0209 0275 0262 7 0760 0711 0.665 0623 053 0547 0513 0.482 0462 0.425 0.400 0.375 0.354 0.333 0.31 0.296 0.279 0263 0.299 0.235 0.222 0.210 8 0731 0677 0.627 0.582 0540 0502 0.467 0.34 0.404 0.375 0.351 0.327 0.305 0285 0.266 0.249 0233 0210 0.204 0191 0.119 9 0.703 0645 0.592 0544 0.500 0.460 0.424 0.391 0.361 0163 0.333 0.308 0.24 0.200 023 0225 0209 014 0110 017 0155 0144 0134 10 0600614 0550 0.500 0.463 0422 0.36 0.352 0.322 0295 0270 0.247 0.227 0.208 0191 0176 0162 0109 017 0128 0.110 0107 11 0.650 05050527 0.475 0.429 0.38 0.50 0.3170207 0.281 0237 02150195 0178 0162088 015 0123 12 0.112 0.103 0.01 0.000 0.025 0.557 0.4970444 0.397 0.356 0.319 0286 0.257 0231 0.208 037 0368 0:152 0137 0124 0112 0.1020.092 0,083 0076 0.009 13 0.001 0.530 0.400 0.45 0.368 0.326 0.290 0.250 0.229 0204 0.162 0163 0.45 0.000116 1040093 0.084 0.075 0.06 0.001 0.055 M 0.577 0505 04420388 0.340 0.299 0.263 0.232 0.205 0151 6160 0141 0125 011 0.00 0.00 0.070 0069 0.002 0.055 00:19 0014 15 0.555 0.481 0.417 0.362 0315 0275 029 02090103 0.1600001230100 0.005 0054 0074 0.005 0057 0.051 0045 00400035 70 0.534 0:458 0.394 0.339 0.292 0252 0.2180108 019 0141 0123 09070093 0.001 007 0062 0054 00470012 0.036 003200211 17 0500436 0.371 0.17 0.270 0.231 0190 0.170 0146 01250100 000 000 0.000 0.060 0,052 0045 0039 0004 0.030 0.026 0021 0404 0410 0.350 0.296 0.250 0212 03000153 010 0110005 0.00 0.00 0.00 0.051 0.014 0.038 0.032 0.0200024 0.021 00 10 0.75 0.06 0.331 0.277 0230 0194 0166 0.130 0.116 0.000 000 000 0000 0.05100100037 0.0310027 0023 0020 01 0014 20 0.456 0.37 0.12 0.250 0.25 01805001240104 000 002 0.001 0.051 004 0037 0.001 0.025 0.022 000 000050012 0.00 0.00 0.204 0.242019901640135 0.112 0.003 0.077 0064 0.00 0.00 0.037 0031 0026 0022 0.098 0015 0.00 0.00 0.009 22 0.422 0.342 0.278 0226 0.134 01500123 01010083 006 0056 0.046 0.03 0.032 0.025 0.022 0.01 0.01 0.00 0.00 0.00 0.007 23 0.406 0.326 0.262 0.211 0.170 0.130 0.001 0.074 0060 0040 0040 0.003 0.027 0022 0.018 00150012 0.010 0000 0002 0005 24 0.390 0.310 0247 0.197 0158 0.126 0.1020032 0.006 0050 0043 0.035 0028 0.023 0.019 0015 0:00 0.00 0.00 0.007 00050005 25 0375 0.295 0.2330104 0146 0115 0092 001 0050 0047 0038 0.0300024 0.020 0.01 0.00 0.00 0.00 0.00 0.005 0.005 0004 26 0361 0281 0220 0172 0050106 0.034 0.006 005 0012 0633 0.025 0.021 001001001 0.009 0007 0.006 0005 0004 0000 27 0.347 0.20 0.207 0101 0.125 0098 0.076 0.000 0.047 0.029 0.023 0.01 0.014 0.00 0.00 0.007 0006 0.005 0.00 0.00 0.002 28 0.333 0.255 01960.1500116 0.00 0.00 0.054 0042 0.033 0.026 0020 0.016 0.012 0.0100008 0.006 0.005 0.004 0003 0.002 0.002 20 0.321 0.2430135 0141 0.507 0082 0.06 0.048 0.037 0.029 0,022 0.01 0.014 0.01 0.008 0.005 0.005 0.004 0.000 0.002 0.002 0.002 30 0.308 0237 0.174 0.131 0.099 0.075 0057 0.00 0.00 0.025 0.020 0,015 0,012 0009 0.007 0.005 0.001 0.000 0.003 0002 0.002 0.001 30 0208 0342 0097 0.007 0.0460032 0.022 0.01 0.01 0.006 0.005 0.001 0.003 0.002 0.001 0.001 0.001 0000 0000 0000 0.000 0.000 010 DOUBT48-2 Pucant Value of an Annuity of $1 in Armour 090 1736 Periods 5% 6% 7% 8% 95 11% 12 % 14% 15% 17 18 19% 20% 21% 22 226 2A 1 0.962 0.952 0.943 0.935 0.926 25% 0909 0901 0893 0.305 0877 0.870 0862 0855 08470840 0.833 0.825 0.820 081 0806 0.000 2 1996 1859 1833 1808 1783 1759 1713 1690 1668 1547 1.528 1509 1492 1.647 1626 1505 1585 1566 144 145 1440 2.775 2723 2673 2624 2577 2531 2.487 2444 2402 2361 2322 2283 2246 2210 2114 2.140 2106 2074 2042 20 1981 1952 4 3.630 3546 3.465 3.387 3.312 3.240 3170 3302 3.037 2974 294 2855 276 2743 2690 2639 2599 2.540 2494 2448 2404 2362 5 4452 4.212 4100 3.990 3.890 3791 3696 3.605 3.517 3.433 3.352 3.274 3.1993.127 3,058 2.991 2925 2.864 2803 2745 2689 6 5.242 5.076 4917 4.767 4623 4 495 4.355 4231 4111 3.998 3.889 3.784 3.685 3.589 3.490 3.450 3326 3.245 3.167 3.092 3.020 2961 7 6.002 5786 5.582 5.399 5206 5033 4.868 4712 4.564 4423 4288 4160 4039 3.922 392 3.706 3605 3508 3.456 3327 3.242 3.161 8 6733 6.460 6.210 5.971 5747 5.535 5.335 5.146 4.968 4.799 4639 4437 434 4207 4078 3954 3.837 3.726 369 3.518 3.421 3329 9 7435 7308 6.802 6515 6,247 5.995 5.759 5.537 5328 5132 4.946 472 4607 4451 4303 4153 4081 3905 3786 3673 3505 3.400 10 8711 7722 7360 70244 8.710 6.418 6.145 5.889 5650 5426 5.216 5.019 4833 4659 4494 43394,192 4054 3.23 3.799 332 3571 11 8.780 8.306 7.837 7499 2139 6.805 6.495 6.207 5938 5687 5.453 5.234 5.029 48364656 4.486 4.327 4.677 4.035 3902 3776 3656 9.385 8.863 8.384 7.943 7536 7161 6.814 6492 6194 5918 5660 5421 5197 4.988 4793 401 449 42784127 39853851725 3 9.986 9.394 8.853 8358 7.904 7487 7103 6750 6.424 6122 5.842 5.583 5.342 5.118 4.910 4715 4533 4362 4200 4.053 2912 3700 14 10.563 9.999 9.295 8745 8.244 7.786 7367 6932 6628 5.302 6.002 5724 5.460 5.229 5008 4 802 4.671 4432 4255 4108 3962 3124 15 11119 10.380 9.712 9.B 8559 8.061 7606 7191 6.81 6452 6142 5.847 5.575 5.324 5.092 476 4675 4489 4315 41534001 3859 16 11652 10.838 10.105 9.447 8.851 8.313 7824 7379 6974 6.604 6.265 5954 5,668 5.405 516249384730 4536 4357 4180 4,033 7.887 12.366 TL27490.477 973 9122 8.544 8.022 7549712067296.73 6.047 5749 54755222 4990 4775 456 4391 4219 40593910 18 12659 1690 10328 10.0599372 3.756 8.2017202 7.250 6840 6.457 61285953 5534 5.273 5033 48124608 4.419 424340803928 19 1313412085 1.158 10336 9.604 8.950 835578392306 6938 6.550 6198 5.877 5594 5.316 5.070 43634635 4442 4.263 4,097 1.542 20 13.590 12.462 11470 10.594 9819 9.129 8.514 7963 74697025 662 6.259 5.929 5.628 5353 5101 4.870 4.557 4450 4.2794.10 1654 21 14.029 12121 11764 10836 10.017 9.292 8649 1.0757502 7102 6687 6.312 5.973 5.665 5.384 5.127 4.091 4675 4470 4292 4321 3.900 22 14.451 1163 12.042 11.001 10:201 9442 8.772 878 7545 7370 67436.759 6.01 5.696. 5.410 5549 490 4690 448 402 4.130 1920 23 14857 1489 12.30311272 10.371 9.580 8833 8.200 7719 7.250 6.792 6,3996046 5.723 54325187 4925 4.703 4499 431 4137 120 24 15 247 13.799 2550 11.469 10.529 9707 8.995 8348 778472036.835 6.434 6.073 5748 5.4515182 4.937 4713 4507 431 433981 25 15.622 14.094 12783 1654 10.675 9.823 9.077 8.422 7543 2330 687 6.464 0975.766 5.467 51954.9434721 45544123 4147 2905 26 15 983 1437513.003 11.626 10.109.929 9161 8.469 7096 2.372 6.906 6.4946.118 5.783 5.480 5.206 4956 4728 4520 4328 41572993 27 16.330 1064313 211 11987 10.99510027 9.237 8548 2943 7409 6.935 6.514 6136 5.798 5.492 5.215 964 4734 432 4332 41543900 28 16.663 1489013.406 12.137 11051 10.116 9:307 8.602 7904 7441 6 961 6,534 6182 5810 5502 5.223 4970 47394528 43254157992 16.984 15141 3.591 12.278 1158 10.190 9.3708650 8022 7470 6.983 6.55163665.820 5.610 5.2294.975 4743 4531431741593994 30 1729215372 13.765 12.409 41258 10.2749.427 3094 8.055 74967000 6.566 61775829 550 5235 4979 470 4534 470 410 1995 40 19.793 12159 15.046 13 332 11925 10.75797793951 9244 7634 2005 6.642 6 233 5571 558 5.258 499747604544 304163991