Company N will receive $95,000 of taxable revenue from a client. Use Appendix A and Appendix B.

Required:

Compute the NPV of the $95,000 assuming that Company N will receive $47,500 now (year 0) and $47,500 in year 1. The companys marginal tax rate is 30 percent, and it uses a 6 percent discount rate.

Compute the NPV of the $95,000 assuming that Company N will receive $47,500 in year 1 and $47,500 in year 2. The companys marginal tax rate is 40 percent, and it uses a 4 percent discount rate.

Compute the NPV of the $95,000 assuming that Company N will receive $19,000 now (year 0) and $19,000 in years 1, 2, 3, and 4. The companys marginal tax rate is 10 percent, and it uses a 9 percent discount rate.