Company Di. must choose between two business opportunities. Opportunity 1 will generate $19200 before-tax cash in years 0 through 3. The annual tax cost of Opportunity 1 is $3,456 in years 0 and 1 and $2,304 in years 2 and 3. Opportunity 2 will generate $19,200 before-tax cash in year 0. $31,500 before-tax cash in years 1 and 2. and $15,300 before-tax cash in year 3. The annual tax cost of Opportunity 2 is $6,320 in years Dmrough 3. Use ppendix A and appendix Ei. Required: 31. Complete the below tables to calculate NPV. Assume that the discount rate is 10 percent. 32. Which opportunity should Company DL choose? Complete thiS question by entering your answers in the tabs heimv. Red A1 Req A2 Complete the below tables to calculate NW Assume that the discount rate is 10 percent. Note: Cash outows should be indicated by a minus sign. Round discount factorts} to 3 decimal places, all other intermediate calculations and nal answers to the nearest whole dollar amount. Opportunity 1: Beforeiax cash flow Tax cost Net cash ow Discount factor {10%} W_ Opportunity 2: Beforeiax cash ow Tax cost Net cash ow Discount {actor {10%} _ Present Value of $1 Periods 3% 4% 5% 5% 7% 1 0.971 9% 0.962 0.952 0.943 0.935 0.926 0.943 0.917 0.925 0.907 0.890 0.873 0.857 0.842 0.915 0.889 0.864 0.840 0.816 0.794 0.772 0.888 0.85 0.823 0.792 0.763 0.735 0.863 0.708 0.822 0.784 0.747 0.713 0.681 0.650 0.837 0.790 0.746 0.705 0.666 0.630 0.813 0.596 0.760 0.71 0.665 0.623 0.583 0.789 0.547 0.731 0.677 0.627 9 0.582 0.540 0.766 ).502 0.703 0.645 0.592 0.544 10 0.500 0.744 0.460 0.676 0.614 0.558 11 0.508 0.463 0.422 0.722 0.650 0.585 0.52 0.475 12 0.701 0.429 0.388 0.625 ).557 0.497 0.444 13 0.397 0.356 0.681 0.601 0.530 0.469 0.415 14 0.368 0.326 0.661 0.577 0.505 0.442 15 0.388 0.340 0.299 0.642 0.555 0.481 0.417 16 0.362 0.315 0.623 0.275 0.534 0.458 0.394 0.339 0.292 17 0.252 0.605 0.513 0.436 0.371 18 0.317 0.587 0.270 0.231 0.494 0.416 0.350 0.296 19 0.250 0.212 0.570 0.475 0.396 0.331 20 0.277 0.232 0.554 0.194 0.456 0.377 0.312 0.258 0.215 0.178 Periods 10% 11% 12% 13% 14% 15% 1 20% 0.909 0.901 0.893 0.885 0.877 0.870 0.833 0.826 0.812 0.79 0.783 0.769 0.756 0.751 0.694 0.731 0.712 0.693 0.675 0.658 0.579 0.683 0.659 0.636 0.613 ).592 0.621 0.572 0.482 0.59 0.56 0.543 0.519 0.49 0.564 0.402 0.535 0.507 0.480 0.456 0.432 0.335 0.513 0.482 0.452 0.425 0.400 0.376 0.467 0.279 0.434 0.404 0.376 0.351 0.327 0.424 0.233 0.391 0.361 0.333 10 0.308 0.284 0.386 0.194 0.352 0.322 0.295 11 0.270 0.247 0.350 0.162 0.317 0.287 0.261 12 0.237 0.215 0.319 0.135 0.286 0.257 0.231 13 0.208 0.187 0.290 0.112 0.258 0.229 0.204 14 0.182 0.163 0.093 0.263 0.232 0.205 0.181 15 0.160 0.141 0.078 0.239 0.209 0.183 0.160 16 0.140 0.123 0.218 0.063 0.188 0.163 0.141 0.123 17 0.107 0.198 0.054 0.170 0.146 0.125 0.108 18 0.093 0.045 0.180 0.153 0.130 0.111 0.095 19 0.081 0.038 0.164 0.138 0.116 0.098 0.083 20 0.070 0.149 0.031 0.124 0.104 0.087 0.073 0.061 0.026