Crockin Corporation is considering a machine that will save $9,000 a year in cash operating costs each year for the next six years. At the end of six years it would have no salvage value. If this machine costs $33,165 now, the machine's internal rate of return is closest to (Ignore income taxes.): Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using the tables provided Multiple Choice 16% 17% 18% O 19% EXHIBIT 14B-2 Present Value of an Annulty of $1 In Arrears; Periods 5% 1 1736 2 3 4% 0.962 1886 2775 3.630 4.452 5% 6% 0.952 0.943 1.859 1.833 2723 2.673 3.546 3.465 4329 4212 4 5 7% 8% 0.935 0.926 1808 1783 2.624 257 3.387 3.312 4100 3.993 4.623 5389 5.206 5.971 5.747 656 6.247 7024 6.710 9% 0.97 1759 2531 3.240 3.890 4.486 5.033 5.535 5995 6.418 4.917 4767 6 7 8 5242 6.002 66.733 7435 8.111 5076 5.786 6.463 7108 7722 5.582 66.210 6.802 7360 9 10 1 12 13 14 5 10% 168 28 % 4 16% 7% 18% 19% 20% 21% 22% 23% 24% 25% 0.909 0901 0.893 0.885 0.877 0.870 0.862 0.855 0.847 0.840 0.833 0.826 0.820 0.88 0806 0.800 1718 1.690 1.668 1.647 1.626 1.605 1585 1.566 1547 1528 1509 1492 1474 1457 1440 2.487 2444 2.402 2.361 2.322 2.283 2.246 2.210 2.174 2.140 2.106 2.074 2.042 2.01 1981 1.952 3.70 3.102 3.0372974 2914 2.855 2.798 2743 2.690 2.639 259 2.540 2.494 2.448 2404 2.362 3.791 3.696 3.605 3.57 3.433 3.352 3.274 3199 3127 3.058 2.991 2926 2864 2803 2745 2689 4.355 4.231 4. 3.998 39 3.784 3.685 3.589 3.49 3.410 3.326 3.245 3.167 3.092 3.020 2951 4.868 4712 4564 4.423 4.288 4.160 4.039 3.922 3.812 3.706 3.605 3.508 3.416 3.327 3.242 3.161 5.3355 516 4.968 4799 4.639 4.487 4.344 4.207 4.078 3.954 3.837 3.726 3.619 3518 3421 3.329 5759 5.537 5.328 532 4.946 4772 4.607 4.451 4.303 4.163 4.031 3.905 3.786 3673 3.566 3.463 6.145 5.889 5.650 5.426 5.216 5.019 4.833 4.659 4.494 4.339 4.192 4.054 3.923 3.79 3.682 3.571 6.495 6.207 5.938 5.687 5.453 5.234 5.029 4.836 4.656 4.486 4.327 4.177 4.035 3.902 376 3.656 6.314 6.492 6194 5.918 5.660 5.4215197 4.988 4.793 4.61 4.439 4.278 427 3.985 3.851 3.725 7103 6.750 6.424 6122 5.842 5583 5342 518 4.910 476 4.533 4.362 4.203 4.053 3.912 3.780 7367 6.982 6.628 6.302 6.002 5.724 5.468 5.229 5.008 4.802 4.61 4.432 4.265 4108 3.962 3.824 7.606 711 6.30 6.462 6142 5.847 5.575 5.324 5.092 4.876 4.675 4.489 4.315 4153 4.000 3.859 7824 7.379 6.974 6.604 6.265 5.954 5.668 5.405 5.162 4.938 4730 4.536 4.35] 4189 4.033 3.887 8.022 7549 7120 6.729 6.373 6.047 5.749 5.475 5.222 4.990 4.775 4.576 4.391 4.219 4.059 3.910 8.201 7702 7.250 6840 6.467 6128 5.88 5.534 5.273 5.033 4.812 4.608 4.419 4.243 4.080 3.928 8.365 1.839 7.366 6.98 6.550 6198 5.85.584 5.316 5.070 4.843 4.635 4.442 4.263 4.097 3.942 8514 7963 7469 7025 6.623 6.259 5.929 5.628 5353 5101 4.870 4.657 4.460 4.279 4110 3.954 8.649 8.075 7.562 7102 6.687 6.312 5.973 5.665 5.384 5127 4891 4.476 4.292 4121 3.963 8.2 876 7.645 6.743 6.359 6.01 5.696 5.410 5.149 4.909 4690 4.48 4302 4.130 3.970 8.883 8266 7718 7.230 6.792 6.399 6.044 5.723 5.432 5.167 4.925 4.703 4.499 4.311 3.976 8.985 8.348 7784 7283 6.835 6.434 6.073 5.746 5.451 5.182 4.937 4.73 4507 4.38 4.143 3.98] 9.077 8.422 7843 7.330 6873 6.464 6.097 5.766 5.467 5.195 4.948 4.721 4514 4.323 4147 3.985 9.161 8.488 7896 7372 6.906 6.491 6118 5.783 5.480 5.206 4.956 4.728 4.520 4.328 4.151 3.988 9237 8.548 7943 7409 6.935 6.54 636 5.798 5.492 5.25 4.964 4734 4524 4.332 4.154 3.990 9.307 8.602 7984 7441 6.961 6.534 6152 5.810 5.502 5.223 4.970 439 4.528 4.335 4.157 3.992 9.370 8.650 8.022 7470 6.983 6.551 6.166 5820 5.510 5.229 4.975 4.743 4.531 4.3374159 3.994 9.427 8.694 8.055 7496 7.003 6.566 6 5.829 5.57 5.235 4.979 4746 4.534 4.39 4.160 3.995 979 8.951 8244 7.634 7105 6.642 6.233 5.871 5.548 5.258 4.997 4760 4.54 4.347 4.166 3.999 16 7 18 20 8.760 8.306 7887 7.499 7139 6805 9.385 8.863 8.384 7943 7.536 7161 9986 9.394 8.853 83588 7904 7487 10.563 9.899 9295 8.745 3.244 7786 11 10.380 912 9108 8.559 8.061 11.652 10.838 10106 9.447 8.851 8.313 12.166 1.274 10.477 9.763 9122 8544 12.659 1.690 10828 10.059 9.372 8.756 13134 12.085 158 10336 9.604 8.950 8590 12.462 1.470 10.594 9.818 9.129 14.029 2.821 1764 10.836 10.07 9.292 14.451 13.163 12.042 1061 10200 9.442 14.857 489 2303 272 9.580 5.247 3.799 2550 1469 | 10.529 9707 5.622 14.094 2.783 1.654 10.675 9.823 5.983 14.375 13.003 11.826 10310 9.929 16.330 14.643 3.21 11.987 10.935 10.027 16.663 4.898 3.406 12.137 1.051 10.116 16.984 5.141 3.591 12.278 1158 | 10.198 7.292 15.372 3.765 2.409 11.258 10.274 19.793 7.159 15.046 3.332 1925 10.75] 4.675 21 22 23 24 25 7170 10371 47 26 27 28 29 30 40 EXHIBIT 14B-1 Present Value of $1; (1 + r)" Periods 0.73 2 3 4 5 6 8 9 0 7 14 0125 5 48 5% 6% 7% 8% 09 10% 1% 125 % 14% % 168 7% % 19% 20% 21% 22 23% 24% 25% 0.962 0.952 0.943 0.935 0.926 0.97 0.909 0.901 0893 0885 0.8 0.870 0.862 0855 0.847 0.840 088 0.826 0.820 0.86 0.806 0.800 0925 0.907 0.890 0.873 0.857 0.842 0.826 0.812 0797 0769 0.756 0743 0731 0.18 0.706 0.694 0.683 0.672 0.661 0.650 0.640 0.89 0.864 0.840 0.816 0.794 072 0.751 0.731 0/12 0.693 0.675 0.658 0.641 0.624 0.609 0593 0579 0564 0.551 0.537 0.524 0512 0.855 0.823 0792 0.763 0.735 0708 0.683 0.659 0.636 0.613 0592 0572 0.552 0.534 0516 0.499 0.482 0.467 0.451 0.437 0.423 0410 0.822 0.784 0747 0.13 0.681 0.650 0.621 0.593 0.5670543 0.59 0.497 0.476 0.456 0.437 0.49 0.402 0.386 0370 0.355 0.341 0328 0790 0746 0705 0.666 0.630 0.596 0564 0535 0.507 0.480 0.456 0.432 0.410 0390 0370 0.352 0335 0.319 0303 0.289 0.275 0.262 0760 07 0.665 0623 0.583 0.547 0.51 0.482 0.452 0.425 0.400 0.376 0354 0.333 0.314 0.296 0.279 0263 0.249 0.235 0.222 0.210 0731 0.67 0.627 0.582 0.540 0.502 0.467 0.434 0.404 0.376 0351 0327 0.305 0.285 0.266 0.249 0.233 0.28 0204 0191 079 0168 0.702 0.645 0.592 0.544 0.500 0.460 0.424 0.391 0.361 0.333 0.308 0284 0.263 0.243 0.225 0.209 0194 0180 04167 065 0.144 04 0.676 0.614 0.558 0.508 0.463 0.422 0386 0352 0.322 0.295 0270 0.2470227 0.208 0191 076 0162 0.149 037 0126 0116 0107 0.650 0.585 0.527 0.475 0.429 0388 0350 0.317 0.287 0.261 0.237 0.25 0195 0178 04162 0.148 0135 0.123 012 0103 0.094 0.086 0.625 0.557 0.497 0.444 0.397 0.356 0319 0.286 0.257 0.231 0.208 0.187 0168 052 037 0124 012 0102 0.092 0.083 0.076 0.069 0.601 0530 0.469 0.45 0.368 0.326 0.290 0.258 0.229 0.204 0182 0163 0145 030 06 0104 0.093 0.084 0.075 0.068 0.061 0.055 0570505 0.442 0.38 0.340 0.299 0.263 0.232 0.205 011 0160 010 0 0.099 0.088 0.078 0.069 0.062 0.055 0.049 0.044 0.555 0.481 0.417 0.362 0.315 0.275 0239 0.209 08 0160 0140 0123 0103 0.095 0.084 0.074 0.065 0.057 0.051 0.045 0.040 0.035 0.534 0.458 0394 0.339 0.292 0.252 0.28 0188 04163 0141 0123 0107 0003 0.081 0.07] 0.062 0.054 0.047 0.042 0.036 0.032 0.028 0513 0.436 0.37] 037 0.270 0.23 0198 0170 046 0125 0108 0.093 0.080 0.069 0.060 0.052 0.045 0.039 0.034 0.030 0.026 0.023 0.494 0.416 0350 0.296 0.250 0.212 0180 04153 010 011 0.095 0.081 0.069 0.059 0.051 0.044 0.038 0.032 0.028 0.024 0.021 0.018 0.475 0396 0331 02 0.232 0194 0.164 0138 06 0.098 0.083 0.070 0.060 0.051 0.043 0.037 0.031 0.027 0.023 0.020 0.07 0.014 0.456 0377 0312 0.253 0215 0178 0.149 0124 0.087 0.073 0.061 0051 0.043 0.037 0.031 0.026 0.022 0.019 0.016 0.014 0.012 0.439 0.359 0.294 0.242 0199 0164 0135 012 0.093 0.077 0.064 0.053 0.04 0.037 0.031 0.026 0.022 0.018 0.015 0.06 0.00 0.009 0.422 0.342 0.278 0.226 0184 0150 0123 0100 0.083 0.068 0.056 0.046 0.038 0032 0.026 0.022 0.018 0.05 0.013 0.0M 0.009 0.007 0.406 0.326 0262 0.21 0170 0138 0112 0.091 0.074 0.060 0.049 0040 0.033 0.027 0.022 0.018 0015 0.012 0.010 0.009 0.007 0.006 0390 0.310 0.247 0197 0168 0126 0102 0.082 0.066 0.053 0.043 0.035 0.028 0023 0.019 005 006 0.010 0.008 0.007 0.006 0.005 0375 0295 0233 0184 0.146 0116 0.092 0.074 0.059 0.047 0.038 0.030 0.024 0.020 0.016 0.06 0.010 0.009 0.007 0.006 0.005 0.004 0361 0.281 0220 072 0.135 0106 0.084 0.066 0.053 0.042 0.033 0.026 0.021 0.07 0.014 0.00 0.009 0.007 0.006 0.005 0.004 0.003 0347 0.28 0.207 0161 0125 0.098 0.076 0.060 0.047 0.037 0.029 0.023 0.018 0.014 0.01 0.009 0.007 0.006 0.005 0.004 0.003 0.002 0333 0.255 0196 0.150 0.116 0.090 0.069 0.054 0.042 0.08 0.026 0.020 0.016 0.012 0.010 0.008 0.006 0.005 0.004 0.003 0.002 0.002 0321 0.243 0185 0.141 0107 0.082 0.063 0.048 0.037 0.029 0.022 0.07 0.014 0.01 0.008 0.006 0.005 0.004 0.003 0.002 0.002 0.002 0.308 0.231 074 04131 0.099 0.075 0.057 0.044 0.033 0.026 0.020 0.015 0.012 0.009 0.007 0005 0.004 0.003 0.003 0.002 0.002 0.001 0208 0.142 0.097 0.067 0.046 0.032 0.022 0.015 0.011 0.008 0.005 0.004 0.003 0.002 0000 0.001 0.001 0.000 0.000 0.000 0.000 0.000 6 7 8 19 20 0104 21 22 23 24 25 26 27 28 29 30 40