Complete this question by entering your answers in the tabs below. Should Margaret make the investment? Complete the table below to calculate NPV. Assume Margaret's marginal tax rate in years 1 and 2 is 10 percent and in percent. Note: Cash outflows and negative amounts should be indicated by a minus sign. Round discount factor(s) to 3 decima intermediate calculations and final answers to the nearest whole dollar amount. Complete the table below to calculate NPV. Assume Margaret's marginal tax rate over the life of the investment is 2 Note: Cash outflows and negative amounts should be indicated by a minus sign. Round discount factor(s) to 3 decil intermediate calculations and final answers to the nearest whole dollar amount. Should Margaret make the investment? Complete this question by entering your answers in the tabs below. Should Margaret make the investment? Margaret Daniels has the opportunity to invest $790,000 in a new venture. The projected cash flows from the venture are as follows. Use Appendix A and Appendix B Margaret uses a 7 percent discount rate. Required: a1. Complete the table below to calculate NPV. Assume Margaret's marginal tax rate over the life of the investment is 15 percent. a2. Should Margaret make the investment? b1. Complete the table below to calculate NPV. Assume Margaret's marginal tax rate over the life of the investment is 20 percent. b2. Should Margaret make the investment? c1. Complete the table below to calculate NPV. Assume Margaret's marginal tax rate in years 1 and 2 is 10 percent and in years 3 and 4 is 25 percent. c2. Should Margaret make the investment? Complete this question by entering your answers in the tabs below. Complete the table below to calculate NPV. Assume Margaret's marginal tax rate over the life of the investme Note: Cash outflows and negative amounts should be indicated by a minus sign. Round discount factor(s) to other intermediate calculations and final answers to the nearest whole dollar amount. APPENDIX B Present Value of Annuity of \$1 \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline Periods & 3% & 4% & 5% & 6% & 7% & 8% & 9% \\ \hline 1 & 0.971 & 0.962 & 0.952 & 0.943 & 0.935 & 0.926 & 0.917 \\ \hline 2 & 1.913 & 1.886 & 1.859 & 1.833 & 1.808 & 1.783 & 1.759 \\ \hline 3 & 2.829 & 2.775 & 2.723 & 2.673 & 2.624 & 2.577 & 2.531 \\ \hline 4 & 3.717 & 3.630 & 3.546 & 3.465 & 3.387 & 3.312 & 3.240 \\ \hline 5 & 4.580 & 4.452 & 4.329 & 4.212 & 4.100 & 3.993 & 3.890 \\ \hline 6 & 5.417 & 5.242 & 5.076 & 4.917 & 4.767 & 4.623 & 4.486 \\ \hline 7 & 6.230 & 6.002 & 5.786 & 5.582 & 5.389 & 5.206 & 5.033 \\ \hline 8 & 7.020 & 6.733 & 6.463 & 6.210 & 5.971 & 5.747 & 5.535 \\ \hline 9 & 7.786 & 7.435 & 7.108 & 6.802 & 6.515 & 6.247 & 5.995 \\ \hline 10 & 8.530 & 8.111 & 7.722 & 7.360 & 7.024 & 6.710 & 6.418 \\ \hline 11 & 9.253 & 8.760 & 8.306 & 7.887 & 7.499 & 7.139 & 6.805 \\ \hline 12 & 9.954 & 9.385 & 8.863 & 8.384 & 7.943 & 7.536 & 7.161 \\ \hline 14 & 10.635 & 9.986 & 9.394 & 8.853 & 8.358 & 7.904 & 7.487 \\ \hline 15 & 11.296 & 10.563 & 9.899 & 9.295 & 8.745 & 8.244 & 7.786 \\ \hline 16 & 11.938 & 11.118 & 10.380 & 9.712 & 9.108 & 8.559 & 8.061 \\ \hline 17 & 13.166 & 11.652 & 10.838 & 10.106 & 9.447 & 8.851 & 8.313 \\ \hline 18 & 13.754 & 12.659 & 11.690 & 10.828 & 10.059 & 9.372 & 8.756 \\ \hline 19 & 14.324 & 13.134 & 12.085 & 11.158 & 10.336 & 9.604 & 8.950 \\ \hline 20 & 14.877 & 13.590 & 12.462 & 11.470 & 10.594 & 9.818 & 9.129 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline Periods & 10% & 11% & 12% & 13% & 14% & 15% & 20% \\ \hline 1 & 0.909 & 0.901 & 0.893 & 0.885 & 0.877 & 0.870 & 0.833 \\ \hline 2 & 1.736 & 1.713 & 1.690 & 1.668 & 1.647 & 1.626 & 1.528 \\ \hline 3 & 2.487 & 2.444 & 2.402 & 2.361 & 2.322 & 2.283 & 2.106 \\ \hline 4 & 3.170 & 3.102 & 3.037 & 2.974 & 2.914 & 2.855 & 2.589 \\ \hline 5 & 3.791 & 3.696 & 3.605 & 3.517 & 3.433 & 3.352 & 2.991 \\ \hline 6 & 4.355 & 4.231 & 4.111 & 3.998 & 3.889 & 3.784 & 3.326 \\ \hline 7 & 4.868 & 4.712 & 4.564 & 4.423 & 4.288 & 4.160 & 3.605 \\ \hline 8 & 5.335 & 5.146 & 4.968 & 4.799 & 4.639 & 4.487 & 3.837 \\ \hline 9 & 5.759 & 5.537 & 5.328 & 5.132 & 4.946 & 4.772 & 4.031 \\ \hline 10 & 6.145 & 5.889 & 5.650 & 5.426 & 5.216 & 5.019 & 4.192 \\ \hline 12 & 6.495 & 6.207 & 5.938 & 5.687 & 5.453 & 5.234 & 4.327 \\ \hline 13 & 6.814 & 6.492 & 6.194 & 5.918 & 5.660 & 5.421 & 4.439 \\ \hline 14 & 7.103 & 6.750 & 6.424 & 6.122 & 5.842 & 5.583 & 4.533 \\ \hline 15 & 7.606 & 6.982 & 6.628 & 6.302 & 6.002 & 5.724 & 4.611 \\ \hline 16 & 7.824 & 7.379 & 6.974 & 6.604 & 6.265 & 5.954 & 4.730 \\ \hline 17 & 8.022 & 7.549 & 7.120 & 6.729 & 6.373 & 6.047 & 4.775 \\ \hline 18 & 8.201 & 7.702 & 7.250 & 6.840 & 6.467 & 6.128 & 4.812 \\ \hline 19 & 8.365 & 7.839 & 7.366 & 6.938 & 6.550 & 6.198 & 4.843 \\ \hline \end{tabular} APPENDIX A Present Value of $1 \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline Periods & 3% & 4% & 5% & 6% & 7% & 8% & 9% \\ \hline 1 & 0.971 & 0.962 & 0.952 & 0.943 & 0.935 & 0.926 & 0.917 \\ \hline 2 & 0.943 & 0.925 & 0.907 & 0.890 & 0.873 & 0.857 & 0.842 \\ \hline 3 & 0.915 & 0.889 & 0.864 & 0.840 & 0.816 & 0.794 & 0.772 \\ \hline 4 & 0.888 & 0.855 & 0.823 & 0.792 & 0.763 & 0.735 & 0.708 \\ \hline 5 & 0.863 & 0.822 & 0.784 & 0.747 & 0.713 & 0.681 & 0.650 \\ \hline 6 & 0.837 & 0.790 & 0.746 & 0.705 & 0.666 & 0.630 & 0.596 \\ \hline 7 & 0.813 & 0.760 & 0.711 & 0.665 & 0.623 & 0.583 & 0.547 \\ \hline 8 & 0.789 & 0.731 & 0.677 & 0.627 & 0.582 & 0.540 & 0.502 \\ \hline 9 & 0.766 & 0.703 & 0.645 & 0.592 & 0.544 & 0.500 & 0.460 \\ \hline 10 & 0.744 & 0.676 & 0.614 & 0.558 & 0.508 & 0.463 & 0.422 \\ \hline 11 & 0.722 & 0.650 & 0.585 & 0.527 & 0.475 & 0.429 & 0.388 \\ \hline 12 & 0.701 & 0.625 & 0.557 & 0.497 & 0.444 & 0.397 & 0.356 \\ \hline 13 & 0.681 & 0.601 & 0.530 & 0.469 & 0.415 & 0.368 & 0.326 \\ \hline 14 & 0.661 & 0.577 & 0.505 & 0.442 & 0.388 & 0.340 & 0.299 \\ \hline 16 & 0.642 & 0.555 & 0.481 & 0.417 & 0.362 & 0.315 & 0.275 \\ \hline 17 & 0.623 & 0.534 & 0.458 & 0.394 & 0.339 & 0.292 & 0.252 \\ \hline 18 & 0.605 & 0.513 & 0.436 & 0.371 & 0.317 & 0.270 & 0.231 \\ \hline 19 & 0.570 & 0.494 & 0.416 & 0.350 & 0.296 & 0.250 & 0.212 \\ \hline 20 & 0.554 & 0.456 & 0.377 & 0.312 & 0.258 & 0.215 & 0.178 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline Periods & 10% & 11% & 12% & 13% & 14% & 15% & 20% \\ \hline 1 & 0.909 & 0.901 & 0.893 & 0.885 & 0.877 & 0.870 & 0.833 \\ \hline 2 & 0.826 & 0.812 & 0.797 & 0.783 & 0.769 & 0.756 & 0.694 \\ \hline 3 & 0.751 & 0.731 & 0.712 & 0.693 & 0.675 & 0.658 & 0.579 \\ \hline 4 & 0.683 & 0.659 & 0.636 & 0.613 & 0.592 & 0.572 & 0.482 \\ \hline 5 & 0.621 & 0.593 & 0.567 & 0.543 & 0.519 & 0.497 & 0.402 \\ \hline 6 & 0.564 & 0.535 & 0.507 & 0.480 & 0.456 & 0.432 & 0.335 \\ \hline 7 & 0.513 & 0.482 & 0.452 & 0.425 & 0.400 & 0.376 & 0.279 \\ \hline 8 & 0.467 & 0.434 & 0.404 & 0.376 & 0.351 & 0.327 & 0.233 \\ \hline 9 & 0.424 & 0.391 & 0.361 & 0.333 & 0.308 & 0.284 & 0.194 \\ \hline 10 & 0.386 & 0.352 & 0.322 & 0.295 & 0.270 & 0.247 & 0.162 \\ \hline 11 & 0.350 & 0.317 & 0.287 & 0.261 & 0.237 & 0.215 & 0.135 \\ \hline 13 & 0.319 & 0.286 & 0.257 & 0.231 & 0.208 & 0.187 & 0.112 \\ \hline 14 & 0.290 & 0.258 & 0.229 & 0.204 & 0.182 & 0.163 & 0.093 \\ \hline 15 & 0.263 & 0.232 & 0.205 & 0.181 & 0.160 & 0.141 & 0.078 \\ \hline 16 & 0.218 & 0.188 & 0.163 & 0.141 & 0.123 & 0.107 & 0.054 \\ \hline 17 & 0.198 & 0.170 & 0.146 & 0.125 & 0.108 & 0.093 & 0.045 \\ \hline 18 & 0.180 & 0.153 & 0.130 & 0.111 & 0.095 & 0.081 & 0.038 \\ \hline 19 & 0.164 & 0.138 & 0.116 & 0.098 & 0.083 & 0.070 & 0.031 \\ \hline 20 & 0.149 & 0.124 & 0.104 & 0.087 & 0.073 & 0.061 & 0.026 \\ \hline \end{tabular}