Bingham, Inc. is considering the purchase of a machine that would cost $700,000 and would last for 12 years, at the end of which the machine would have a salvage value of $15,000. The machine would reduce labor and other costs by $100,000 per year, while adding $58,300 in depreciation expense. Additional working capital of $25,000 would be needed immediately, all of which would be recovered at the end of 12 years. The company requires a minimum pretax return of 11% on all investment projects. Required: Determine the net present value of the project. Show your work! TABLE 3 Present Value of 1 IND Periode 1 2 94340 WC 4 5 6 7 8 9 91743 8410 77218 20843 61993 5627 S4200 SOLS 11% 00 8116 73119 65873 sous 5464 8166 43193 6154 92456 SO SED R2195 79031 75992 789 70059 67556 61958 2460 07 57748 3556 50991 3137 49361 6 10% . X2645 75112 66301 62099 5647 51316 si 43410 1564 15019 31863 2846 98218 0703 14 0270 78353 74622 .7100 67684 .64861 61391 SR16 55654 51032 sosom 48102 45811 4361 41552 8% 92593 XS74 293 73503 58 2017 58349 S4027 Songs 46319 42 30711 16770 3066 31534 20189 27027 2025 R12 7930 74726 704 HOS 62741 59190 S5614 52679 4292 884 44230 41727 3965 371.36 15014 10 11 12 13 14 15 16 17 18 79719 71178 61552 56743 SO 45215 40358 1 32197 28748 15% REST 75614 65752 57175 49718 43233 37594 326120 28425 24719 21494 1861 16253 14133 1220 10682 4293 ONS .42241 18753 15554 361 29995 27454 25187 33107 21199 COM 35218 3172 28581 15751 33199 2060 TARO 13 15282 23939 21763 1975 19 22917 20162 18270 16:12 14564 14 VW RE OLE CU a FASE SOU 2017 2751 2319 LES w711 1670 06 3 BURY 2207 SOME SPE NIR 14033 1229 13 14 15 16 17 15 19 BE 3. 2175 LIV TO ar LES AM DISIP 1963 37136 2014 3001 TO 1013 14564 1004 1161 107 1190 10440 17 23171 16151 37 1340 COCO ONIC ROT 110 SN 16 SER wir DO TABLE4 Present Value of an Army of 1 ER) 6% 10% 1 9 90 9293 9170 1.NO 41 J. 1.736 1.79911 1.73554 3 2.70 2.72305 2.67101 2.57710 2.53110 2.40 4 ANO 354995 3.46511 331213 3272 3.1 3 Lee 40 421236 3.9271 30S 3.709 3.2014 5:07. 4.91732 4.6223 448592 4.355365 7 5.7867 5.SK 32037 561295 4M2 6.73274 6.46321 6-2019 5.74664 S.SMERO S24493 7411 7.10760 6.80169 6.3469 5.99525 5.750 10 R.11090 7.72173 736000 67100% 6.41766 6.14457 11 8.760 1061 7. 7.1.18 6.0519 6.495 12 RS 4 7.5 7.16073 6.16 13 9.39357 8852 7.SONT 7.4 7.101.16 14 10.56312 9. 9.29498 8.2424 7.78615 7.36660 15 11.1189 10.6 9.71225 R55948 ROM 7. 16 11.69230 10.63777 101050 XS137 31256 7.82371 12 12.10567 11.27407 10.47726 9.12164 5461 80215 18 12.1990 11.6959 10x2760 9.37189 75561 20141 19 1394 12.08332 LIISHIA WO 8.2012 816092 20 13.50 12.46221 11.402 9.IRIS 9.25 K 51356 11% SON 1.71252 2.44371 3.100045 10 42.54 4.71230 5.14612 5.53 3.623 6.20082 6.42 6.7497 6.91 7.1907 737916 7.569 7.70162 7.6929 7. 1.65 2013 3.3735 3.600 4.11141 456376 4.96764 5.325 5.6522 5.93770 6.1937 6.42055 317 6.10 697 7.1193 7.2497 7.6578 77114 15% MAS 1.42871 22323 2.549 3.35216 3.7840 416042 4.48732 4.7715 501877 5.23371 S42012 S.5315 5.72448 $14739 5.95434 601716 6.12197 1983 6.25933 COSMES SY Edit View Insert Format Tools Table