Assume the following information for a capital budgeting proposal with a five-year time horizon: $ 590,000 Initial investment Cost of equipment (zero salvage value) Annual revenues and costs: Sales revenues Variable expenses Depreciation expense Fixed out-ot-pocket costs $ 300,000 $ 130,000 $50,000 $ 40,000 Click here to view Exhibit 14B-1 and Exhibit 148-21 to determine the appropriate discount factor(s) using the tables provided. If the company's discount rate is 12%, then the net present value for this investment is closest to SP SI SRI SVE WOWWORKIKOKO DO CEO ONO NOSSO COMO O SHOW VEVO MO + 9 WHO OSVO ROCO ATO SSOTO Prest Value of 51.1(1) Perlede 59 69 79 85 94 10 134 134 140 15 16 17 21 23 199 0.9020952 0943 093509260.912000 159 2 0.925 0507 0,873 08570.842026 0.8120M0.750.700.750 0.731 0716 0.706 OW TO 07672066 SOTO 3 0.889.6OOO60.7940.77201031071290675065X0641 0593065640551 03 052 0512 + OS TOD 0.792060735 0.705 306592 0.636 0.610.59205720562053405160/199210452 04670451 042 0410 5 0.822 0.24 0.747 0.713 TOONI 0.650021 05930.567 054905190.49704760456 047 04190020603700355 016328 0.790 0.746 0.05 0.066 0./6.300596055405550507 ANO 0604201003900370 0520335 30303030.275022 7 0.760 01 025 0.02 OSK05670.5130482 0452 04350 4000376035403300314029629 0.263 0.299 0.23502020 8 0.751 0.0770627 0520340 0.502 04670434 0:4040.3760351 0.27 0.305210.3660:29 0235 028 0204 0.19 0.179 TOTS 9 0.703065059205440.5000/4800424 0.391 01033303030.284026 0243 0.2250309 0.194 O 0.167 0.155 TO 14001 10 0.0760614095.SOK 0.463 04220385 0520322029502700270227 0.20 0.191 0.176 0.162 0.1497 0.187 0.116 0.116 0.101 11 0.58 0.527 0.4750429 0.388 0.350 031702670.26102370215 0.15 0.17 0.162 0.140.1350 1230.1120.103 OTO 12 0.62505570,497044 0.7 0.356 03190.286 0.257 0231 018 0.160.152 0.17 0.1240112 0.102 2003 760.00 13 0.50 0.059 0.4150.36805260.290 0.35022902040.182.10.145 0.100.116 0.1040093 0.000750.000 14 0377 0.503 04420388 0.340 0.299 0.26 0.212 0205 0.18 0.10 0.141 0.125 0.111 0099 DON 0078 O 069 0062 065 0.049 TL 15 0.55504810417 0.362 0315 0.275 0.29 0.209 OT 0.1000.140 0.125 0.108 009 0064 0.074 0.065 05057 0.051 OMS 0.040 10.035 16 0.5340458 0.39 0.3390.292 0.252 0.215 0.18 0.16 0.141 0.125 0.1070.093 0.051 00710.062054 0.047 0.002 0.0360032002 17 0: 50.4360371017 0.270 0.231 0.100.146 0.125 0.105 093 0.080000 0052 0.045 0.039 0440030 07026 0023 18 04940416 0.50 0.296 010 0212 0.18 0.15 0.10 0.11 0.09500W 0.059 0.051 0.0380032 0.02% 0.021 TO 19 0.164 0475 0.3960331 0.277 0.22 0.19 08 0.116 0.1% 0031 0.070 0000 003 004 0037 0702701023 0.0000174 0,456037703120.2580215 0.178 0.149 0124 0.1040087 0.0730.061 0.043 0037 0031 0,0260102200190016 0.014 0012 21 04390.359 0.294 0.24 0.199 0,164 0.150.1120093 0.0770064 005 0.0440037 0.031 0.026 0.022 ODISODIS OD00110.009 22 0422034202278 0.226.186.150 0.1210.101 0.03 0.008 0.056 000 000 003200260022000150013001 0.0090.007 23 0,4060326 0.26202110.170 0.138 0.112 0.09100740.0000019 0040 0.033 0.027 0.022 0.018 0.0150012 ODIO 0.0090.00 002 24 0.0 0.035 0.025 0.300.310 0.2470.1970.139 0.125 0.1020.082 0.066 0.053 100716 OKOS 0.019 0.015 0.013 0.0100008 0.375 0.295 0.23 0.184 0.146 0.116 0.092 0.074 25 0.059 00100013 0010 00 00 0.0240020 0.007 0.006 0.005 0.004 21 02 0.172 0.135 0.106 0.084 0.066 ODL0033 0026 0.021 0.07 0.014 TOLDI 0.00 0.00 0.006 0.005 0.0040003 07 N014 0011 1010090070.006 0.0050000000002 TOGO OT V100 LEDOEN VUO TO CROTO ISO OZ. BORTO LITO ESOTO Prera Valae of an Annuity of $1 in Arrears, 11-1(1+1) Perde 45 S 69 7 10% 12 13% 145 15% 1646 0.962 175 IN 195 205 219 0.952 0.943 0915 22 0926 0917 | 09090.301 23 24" 25% 2 1 OR 0.89508350 0.70 0.362 0250.347 1.833 1808 084005 TO TODO TUNIS 10 800 000 1.7831.759 1.736 1.25 16 1647 3 1626 1.6051585 1.566 15471522 1309 2775 2220 222432577 22.444 2.402236123322232246 2210 2174 2140 2106 2012 2010 1981 1492 1474 1457 TAMO 4 3.610 3546346533873312 3240 3.1703.102 3037 1.952 29742914 20:55 2.295 273 2030 26 389 2510 24942744 24042362 3 4452 43294212 4.100 3.993 3.890 3.79136763 3517 3433 33523103.1993.1273058 299126286422.74529 6 5.2425.07649124.767 4.623 4486 455 421 411 3.9983889 3.78435891 3.495 SAIO 263 245 3167 7 6002 3092051 5.786 5.582 5.3895206 5.033 4.864.712 454 4423 424.1004099 392212 3.7063805 3.506 3.416 3.327 352423161 8 6.730 6.4636210 5.971 5.747555 $_35 5.146 456814914619 445743364 420714073 39547 3.726 3.619 IN421 3329 9 74357 TON 6802 6.315 6.24759955259557 5.328 512 4946477242441303 4.165439053763367335668 10 8.11 7722736070746.710 64186.145 5.889 5.65054265.216 5.019 4383 4.659441 43394.192 4054 3923399316823.57 11 8.780 2.3067.87 74997.139 6 SOS 6.495 6.2075938 3.67 5453325029 4515656 4.4864327 4035 3902363636 12 9.RS 8.863 8.384 79475367,161 6814 6.492615918 560054215.197 49884.793611 4A9 4.276 4127 31985 13 9.9869.3948.853335879044 17457 7.10) 6.75064246.12258425325.11349104.71574533 4.362 234053291237 14 10.563 9.899 9.2295 8.745 824778623676.982 6.628 6302 6.0025.7245.463 3229 DOR 4 302 4611 4A32425 4.10539622A 15 11.118 10.3809.712 9.108 8.559 80617.606 7.1916811 6462 6.1423384733755324 092 4X7 4.675 4494315 415340 3859 16 11652 10.838 10.1069447 8.SE 8313 7.824173796.914 6.6046.26559545.00 5.005.162493847904546 4357 4.189 450333887 17 12.166 11 274 10477 9.763 9.1228544 8.0227549 72120 6.729 6.373 6047 5.7495475 5222 4990 4.77514576 491 24219 4.0593910 18 1265911.690 10 X 10.0599.372 87256 8620 7.702 7.250 6.840 6.4676.125 SXIX 3334327315.03348124.004419 14:43 3923 19 13,1341205 1.1581031369604 ROSO 815 7.8397366693863506.1985877558433165.000 4.843 4.635 4402 4.263 4.091139442 20 13 59 12.462 11470 10.590981819.1298.51479637469 7.025 6.52 6.259 5.9295.628 3153 5.101 4.870 4657446042794.1103954 21 14.029 12121 11.764 10.836 10.0179.292 8.649 8.0757.562.1026.687 631239735.665 53565.1274891 4.675 44764.2924.1213963 22 14.451 13.1631204211 061 10.2019.442 8.7728.176 7.6457.170 6.7436.3596.011 5.697654105.149 4.909 04.488 4302 4.130 13.970 23 14.857134891230311272 10.3719380 8.883 892667771872306.792639960445.723 5.432 5:1674925 4.70344994311 4.1373976 24 153247 13.799125501146910529 9.707 898583487.7847283 685 6440 6,0735.746 5451 5.182 49374.71345074318 4.143 3.981 25 9.077 15.622 14.094 12.7811654 106759.823 6097 84227.843733068736461 5.7665.467 5.195 4.9484.72145144,3234.3473.985 26 15.983 14375 13.003 11.826 10.8109.929 9.161 4520 432841513988 8458 7.8967.372 6.906 6.491 6.118 5.78354805.2064956 472 X3N 737409 6935 65146.1365.798 5.492 3.21549644736 43244332 43543990 40