Corn Doggy, Inc. produces and sells corn dogs. The corn dogs are dipped by hand. Austin Beagle, production manager, is considering purchasing a machine that will make the corn dogs. Austin has shopped for machines and found that the machine he wants will cost $250,000. In addition, Austin estimates that the new machine will increase the company's annual net cash flows by $38.500. The machine will have a 12-year useful life and no salvage value. TABLE 4 Present Value of an Annuity of 1 (11) Payments 4% 5% 6% 1 .96154 .95238 2 1.88609 1.85941 3 2.77509 2.72325 4 3.62990 3.54595 5 4.45182 4.32948 6 5.24214 5.07569 7 6.00205 8 9 10 5.78637 6.73274 6.46321 7.43533 7.10782 8.11090 7.72173 .94340 1.83339 2.67301 3.46511 4.21236 4.91732 5.58238 6.20979 6.80169 7.36009 11 12 8.76048 8.30641 9.38507 8.86325 13 9.98565 14 10.56312 9.39357 9.89864 15 11.11839 10.37966 16 17 18 19 20 7.88687 8.38384 8.85268 9.29498 9.71225 11.65230 10.83777 10.10590 12.16567 11.27407 10.47726 12.65930 11.68959 10.82760 13.13394 12.08532 11.15812 13.59033 12.46221 11.46992 8% 9% 10% 11% 12% 15% 7% 0.93458 .92593 .91743 .89286 .86957 .90909 .90090 1.80802 1.78326 1.75911 1.73554 1.71252 1.69005 1.62571 2.62432 2.57710 2.53130 2.48685 2.44371 2.40183 2.28323 3.38721 3.31213 3.23972 3.16986 3.10245 3.03735 2.85498) 4.10020 3.99271 3.88965 3.79079 3.69590 3.60478 3.35216 4.76654 4.62288 4.48592 4.35526 4.23054 4.11141 3.78448 5.38929 5.20637 5.03295 4.86842 4.71220 4.56376 4:16042 5.97130 5.74664 5.53482 5.33493 5.14612 4.96764 4.48732 6.51523 6.24689 5.99525 5.75902 5.53705 5.32825 4.77158 7.02358 6.71008 6.41766 6.14457 5.88923- 5.65022 5.01877 7.49867 7.13896 6.80519. 6.49506 6.20652 5.93770 5.23371 7.94269 7.53608 7.16073 6.81369 6.49236 6.19437 5.42062 8.35765 7.90378 7.48690 7.10336 6.74987 6.42355 5.58315 8.74547 8.24424 7.78615 7.36669 6.98187 6.62817 5.72448 9.10791 8.55948 8.06069 7.60608 7.19087 6.81086 5.84737 9.44665 8.85137 8.31256 7.82371 7.37916 6.97399 5.95424 9.76322 9.12164 8.54363 8.02155 7.54879 7.11963 6.04716 10.05909 9.37189 8.75563 8.20141 7.70162 7.24967 6.12797 10.33560 9.60360 8.95012 8.36492 7.83929 7.36578 6.19823 10.59401 9.81815 9.12855 8.51356 7.96333 7.46944 6.25933