Calculate the present values of the cash flows using 12 and 16 percent on a 15 year horizon. And with which rate of return should the company purchase the ship

CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION 1 BACK NEXT National Cruise Line is considering the acquisition of a new ship that will cost $200,000,000. In this regard, the president of the company asked the CFO to analyze cash flows associated with operating the ship apply to each of the next 15 years: under two alternative itineraries: Itinerary 1, Caribbean Winter/Alaska Summer and Itinerary 2, Caribbean Winter/Eastern Canada Summer. The CFO estimated the following cash flows, which are expected to Caribbean/ Caribbean/ Eastern Alaska Canada Net revenue $120,000,000 $105,000,000 Less: Direct program expenses (25,000,000) (24,000,000) Indirect program expenses (20,000,000) (20,000,000) Nonoperating expenses (21,000,000) (21,000,000) Add back depreciation 115,000,000 115,000,000 Cash flow per year $169,000,000 $155,000,000 Click here to view factor tables * Your answer is incorrect. Try again. For each of the itineraries, calculate the present values of the cash flows'using required rates of return of both 12 and 16 percent. Assume a 15-year time horizon. (Round present value factor calculations to 4 decimal places, e.g. 1.2151 and final answer to 0 decimal places, e.g. 125. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Present value at 12% Present value at 16% Caribbean/Alaska x 951036099 X 742252091 Caribbean/Eastern Canada x 855683996 564195705