chandler chairs is considering an equipment investment that will cost $950,000. Projected net cash inflows over the equipment's three year life are as follows: Year 1: $498,000, Year 2: $392,000, and year 3: $296,000. chandler wants to know equipment IRR

calculate NPV at three rates: 10%, 12%, and 14%. then calculate exact IRR

30 N Present Value of Annuity of $1 Periods 1% 2% 3% 4% 5% 6% 8% 10% 12% 14% 16% 18% 20% 0.990 0.980 0.971 0.962 0.952 0.943 0.926 0.909 0.893 0.877 0.862 0.847 0.833 2 1.970 1.942 1.9131.886 1.859 1.833 1.783 1.736 1.690 1.647 1.605 1.566 1.528 3 2.941 2.884 2.829 2.775 2.723 2.673 2.577 2.487 2.402 2.322 2.246 2.174 2.106 4 3.902 3.808 3.717 3.630 3.546 3.465 3.312 3.170 3.037 2.914 2.798 2.690 2.589 5 4.8534.713 4.580 4.452 4.329 4.212 3.993 3.791 3.605 3.433 3.274 3.127 | 2.991 6 5.795 5.601 5.417 5.2425.0764.917 4.623 4.355 4.111 3.889 3.685 3.498 3.326 7 6.7286.4726.230 6.0025.786 5.5825.206 4.8684.564 4.288 4.039 3.812 3.605 8 7.652 7.3257020 6.733 6.463 6.210 5.747 5.335 4.968 4.639 4.344 4.078 3.837 9 8.566 8.16277867.435 7.108 6.802 6.247 5.759 5.3284.9464.607 4.303 4.031 10 9.4718.983 8.530 8.111 7.722 7.360 6.710 6.145 5.6505.216 4.833 4.494 4.192 11 10.368 9.7879.2538.760 8.306 7.887 7.139 6.495 5.938 5.453 5.029 4.656 4.327 12 11.255 10.575 9.954 9.3858.8638.384 7.536 6.814 6.1945.660 5.1974.793 4.439 13 12.134 11.348 10.635 9.9869.394 8.853 7.904 7.103 6.424 5.842 5.342 4.910 4.533 14 13.00412.106 11.296 10.563 9.899 9.295 8.244 7.367 6.6286.002 5.468 5.008 4.611 15 13.865 12.849 11.938 11.11810.380 9.712 8.5597.6066.811 6.142 5.575 5.092 4.675 20 18.046 16.351 14.877 13.590 12.462 11.470 9.818 8.5147.4696.623 5.9295.353 4.870 25 22.023 19.52317.41315.622 14.094 12.783 10.675 9.077 7.843 6.873 6.097 5.467 4.948 30 25.80822.396 19.600 17.292 15.372 13.765 11.258 9.427 8.055 7.003 6.177 5.517 4.979 40 32.836 27.355 23.115 19.793 17.159 15.046 11.925 9.779 8.244 7.105 6.233 5.548 4.997 Periods 1 2 3 4 5 1% 1.000 2.010 3.030 4,060 5.101 4% 1.000 2.040 3.122 4.246 5.416 2% 1.000 2.020 3.060 4.122 5.204 6.308 7.434 8.583 9.755 10.950 12.169 13.412 14.680 15.974 17.293 24.297 32.030 40 568 60.402 6.152 7.214 8.286 9.369 10.462 3% 1.000 2.030 3.091 4.184 5.309 6.468 7.662 8.892 10.159 11.464 12.808 14.192 15.618 17.086 18.599 26.870 36.459 47.575 75401 12% 1.000 2.120 3.374 4.779 6.353 8.115 10.089 12300 14.776 17 549 Future Value of Annuity of $1 5% 6% 8% 10% 1.000 1.000 1.000 1.000 2.050 2.060 2.080 2.100 3.153 3.184 3.246 3.310 4.310 4.375 4.506 4.641 5.526 5,637 5.867 6.105 6.802 6,975 7.336 7.716 8.142 8.394 8.923 9.487 9.549 9.897 10.637 11.436 11.027 11.491 12.488 13.579 12.578 13.181 14,487 15.937 14.207 14.972 16.645 18.531 15.917 16.870 18.977 21.384 17.713 18.882 21.495 24.523 19.599 21.015 24.215 27.975 21.579 23.276 27.152 31.772 33.066 36.786 45.762 57 275 47.727 54.865 73.106 98.347 66,439 79.058 113.283 164.494 120.800 154.762 259.057 442.593 14% 16% 18% 20% 1.000 1.000 1.000 1.000 2.140 2.160 2.180 2200 3.440 3.506 3.572 3.640 4.921 5.066 5.215 5.368 6.610 6.877 7.154 7.442 8,536 8.977 9.442 9.930 10.730 11.414 12.142 12.916 13.233 14.240 15.327 16.499 16.085 17.519 19.086 20.799 19.337 21.321 23.521 25.959 23.045 25.733 28.755 32.150 27.271 30.850 34.931 39.581 32 089 36.786 42.219 48.497 37.581 43.672 50.818 59.196 43.842 51.660 60.965 72.035 91.025 115.380 146.628 186.688 181.871 249.214 342.603 471.981 356.787 530.312 790.948 1.181.882 1,342.0252,360.757 4,163.2137.343.858 6.633 7.898 9.214 10.583 12.006 13.486 15.026 16.627 18.292 20.024 29.778 41.646 56.085 95.026 11 12 13 14 15 11.567 12.683 13.809 14.947 16.097 22.019 28 243 34.785 48.886 20.655 24.133 28.029 32.393 37280 25 30 40 72.052 133.334 241.333 767.091 - Periods 1 2 3 4 5 6 7 8 9 10 Present Value of $1 1% 2% 3% 4% 5% 6% 8% 10% 12% 14% 16% 18% 20% 0.990 0.980 0.971 0.962 0.952 0.943 0.926 0.909 0.893 0.877 0.862 0.847 0.833 0.980 0.961 0.943 0.925 0.907 0.890 0.857 0.826 0.797 0.769 0.743 0.718 0.694 0.971 0.942 0.915 0.889 0.864 0.840 0.794 0.751 0.712 0.675 0.641 0.609 0.579 0.961 0.924 0.888 0.855 0.823 0.792 0.735 0.683 0.636 0.592 0.552 0.516 0.482 0.951 0.906 0.863 0.822 0.784 0.747 0.681 0.621 0.567 0.519 0.476 0.437 0.402 0.942 0.888 0.837 0.790 0.746 0.705 0.630 0.564 0.507 0.456 0.410 0.370 0.335 0.933 0.871 0.813 0.760 0.711 0.665 0.583 0.513 0.452 0.400 0.354 0.314 0.279 0.923 0.853 0.789 0.731 0.677 0.627 0.540 0.467 0.404 0.351 0.305 0.266 0.233 0.914 0.837 0.766 0.703 0.6450.592 0.500 0.424 0.361 0.308 0.263 0.225 0.194 0.905 0.820 0.744 0.676 0.614 0.558 0.463 0.386 0.322 0.270 0.227 0.191 0.162 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 0.887 0.788 0.701 0.625 0.557 0.497 0.397 0.319 0.257 0.208 0.168 0.137 0.112 0.879 0.773 0.681 0.601 0.530 0.469 0.368 0.290 0.229 0.182 0.145 0.116 0.093 0.870 0.758 0.661 0.577 0.505 0.442 0.340 0.263 0.2050.160 0.125 0.099 0.078 0.861 0.743 0.642 0.555 0.481 0.417 0.315 0.239 0.183 0.140 0.108 0.084 0.065 0.8200.673 0.554 0.456 0.377 0.312 0.215 0.149 0.104 0.073 0.051 0.037 0.026 0.780 0.610 0.478 0.375 0.295 0.233 0.146 0.092 0.059 0.038 0.024 0.016 0.010 0.742 0.552 0.412 0.308 0.231 0.1740.099 0.057 0.033 0.0200.012 0.007 0.004 0.672 0.453 0.307 0.208 0.142 0.097 0.046 0.022 0.0110.005 0.003 0.001 0.001 11 12 13 14 15 20 25 30 40 Future Value of $1 Periods 4% 2 3 4 5 1% 1.010 1.020 1.030 1.041 1.051 1.040 1.082 1.125 1.170 3% 1.030 1.061 1.093 1.126 1.159 1.194 1.230 1.267 1.305 1.344 5% 1.050 1.103 1.158 1.216 1.276 6% 1.060 1.124 1.191 1.262 1.338 10% 1.100 1210 1.331 1.464 1.611 8% 1080 1.166 1.260 1.360 1.469 1.587 1.714 1.851 1.999 2.159 12% 1.120 1.254 1.405 1.574 1.762 1.217 2% 1.020 1.040 1.061 1,082 1.104 1.126 1.149 1.172 1.195 1.219 1.243 1.268 1.294 1.319 1.346 1.486 1.641 1.811 2.208 1.062 1.072 1.083 1.094 1.106 16% 1.160 1.346 1.561 1.811 2.100 2.436 2.826 3.278 3.803 4.411 1.340 1.407 1.477 1.551 1.629 1.419 1.504 1.594 1.689 1.791 1.772 1.949 2.144 2.358 2.594 1.974 2211 2.476 2.773 3.106 10 67spn=b 14% 1.140 1.300 1.482 1.689 1.925 2.195 2.502 2.853 3.252 3.707 4226 4.818 5.492 6.261 7.138 13.743 26.462 50.950 188,884 1.265 1.316 1.369 1.423 1.480 1.539 1.601 1.665 1.732 1.801 18% 1.180 1.392 1.643 1.939 2.288 2.700 3.185 3.759 4.435 5.234 6.176 7.288 8.599 10.147 11.974 27.393 62.669 143.371 750.378 20% 1.200 1.440 1.728 2.074 2.488 2.986 3.583 4.300 5.160 6.192 7.430 8.916 10.699 12.839 15.407 38.338 95 396 237.376 1,469.772 11 12 13 14 15 1.116 1.127 1.138 1.149 1.161 1.220 1.282 1.348 1.489 1.384 1.426 1.469 1.513 1.558 1806 2.094 2.427 3.282 1.710 1.796 1.886 1.980 2.079 2.653 3.386 4.322 7.040 1.898 2.012 2.133 2.261 2.397 3.207 4.292 5.743 10.286 2332 2.518 2720 2937 3.172 4.661 6.848 10.063 21.725 2853 3.138 3.452 3.797 4.177 3.479 3.896 4.363 4,887 5.474 5.117 5.936 6.886 7.988 9.266 20 25 2.191 2.666 3.243 4.801 6.727 10.835 17449 45259 9.646 17.000 29.960 93.051 19.461 40.874 85.850 378.721 40