CUCCUUN JUEW EXHIBIT 128-2 Present Value of an Annuity of S1 in Arrears 1- Periods 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 16% 17% 18% 19% 20% 1 22 0962 0952 0943 09350926 0917 0909 0.901 0893 0885 08770870 0862 0855 0.847 08400833 08250320 00 00 000 21 23 24 2 1886 1859 1833 1808 1783 1759 1736 1713 1690 1668 1647 1626 1605 1585 1566 15471528 1509 1492 1 2775 2723 2673 2624 2577 104 10511 2531 2487 2414 2402 2361 2322 2283 2246 2210 2174 2M02106 2074 2002 2011 191 1952 4 3630 3546 34553387 3312 32403170 3102 3037 29742914 2855 2798 27432690 2639 2589 2540 2454 24 26047 5 4452 4329 4212 4100 3993 3890 3791 3696 3.605 3517 3433 3352 3274 3199 3127 3058 2991 2926 2864 2103 216 26 6 5242 5.076 4917 4.767 4.623 4486 4355 4231 4.111 3.9983889 3784 3685 3589 3498 3.40 3326 3245 3167 3092 1020 2951 7 6002 5786 5582 53895206 5033 4868 4712 4564 4423 4288 41604019 3922 3812 37063605 3508 3.416 327 322 11 6733 6.463 6210 5.9715.747 5.535 5335 5146 4.968 47994639 4487 43444207 4078 3954 3.837 3726 3619 3518 1021 1128 9 7435 7108 6802 5.515 62475995 5759 5537 5328 5132_49464712 4607 4451 4303 4163 4031 3.905 3786 3673 1566 3.05 10 11 7722 7360 7.024 6710 6 418 6145 5889 5650 5426 5.216 5019 4833 4659 4494 4339 4192 4054 1923 3799 1682 15A 8760 8.306 7887749971396.805 6.495 6202 5.938 56875453 5234 5029 4836 4656 4486 4327 417 4035 3902 3775 1656 12 9 385 8863 8384 7943 7536 7161 6814 6 492 6194 5.9185660 5421 5197 498 4793 4611 4439 4278 477 3985 351 175 13 99869.394 8853 8.358 7904 74877103 6750 6424 6.122_58425.583 5342 5118 4910 4.715 4533 4 362 4203 4053 2912 370 14 10.563 98999295 8.745 8244 7785 7367 69826628 6302 6.002 57245 468 5229 5008 4 802 4611 4432 4265 410 3962 3824 15 1111810 3809712 910B 8559 8061 7606 7191 6.811 6462_6.142 58475575 5 324 5092 4876 4.675 4.489 4.31541534001 159 16 11652 10 838 10106 94478851 8313 7824 7379, 974 6.604 62655 954 5668 5405 5162 4938 4.730 4536 4357 419 4033 3887 17 12166 11274 10.477 9763 9122 8544 B022 7549 2120 67296.373 6047 5749 54755 222 4990 4775 4576 4391 4219 4059 1960 18 12 659 11690 10828 10 059 9372 8756 8201 7702 7250 6840 6 467 6.128 5.818 5534 5273 5033 48124608 4.419 4243 4080 3928 13 134 12085 11158 10336 96048950 8365 7839 7366 6938 6550 6198 5877 55845 316 5.070 4843 4635 4442 4263 4097 3912 20 13.590 12.462 11.47010594 9818 91298514 7963 7.469 7025 6.623 6.259 5929 5628 5353 5101 4.870 4657 4.460 427941103954 2134.029 12821 11764 10836 10.017 9.292 8.649 8075 2562 71026687 6312 5973 5665 5384 5.127 4891 4.675 4.476 4292 41213963 14.451 13163 12 042 11061 10 201 9442 8772 8176 7645 7170 6.743 6.359 6.011 5.696 5410 5M94909 4690 4488 4302 430 3970 23 437 1976 14.857 13.489 12 303 11272 10371 9.580 8883 8266 7718 7230 6792 6399 6044 5723 5.432 5167 4925 4703 4.499 431 1 9 24 15 247 13.799 12.550 11459 10.529 9707 8985 8348 7784 7283 6835 6434 6073 5746 5451 5182 4937 4713 4507 418 4 19 25 5622 14094 12783 11654 10675 9823 9077 8422784373306.873 6464 6097 5766 5467 51954948 4.721 451 412 4 4151 26 15983 14375 13 003 11826 10.810 9929 9161 8488 7896 7372_6906 6491 6118 5783 5480 5.206 4956 4728 4520 42 4154 27 1633014643 13 2 11987 1935 10027 9237 8548 7943 74096 935 6514 6136 5.798 5 492 5.215 4964 4734 4524 4 28 16663 1898 13.406 12137 11.051 10116 9307 8602 7984 74416 961 6534 6.152 5810 5502 5223 4920 4.739 4528 4.254521 41 1940 29 W984 15141 1591 12278 11158 10198 9370 8650 8022 7470 6983 6.551 6166 5820 5510 5229 4975 473 4531 4 30 17292 15 372 3765 12.409 11 258 10 274 9427 8644 8055 7496700365666175829 5517 5235 4979 416 4534 4 1 40 1992 1715915046 13 332 11925 90757 97798951 8244 763471056642 623 58715518 5258 4 997 404541414 W UHC HCLUuab EXHIBIT 128-1 Present Value of $t Periods 5 6 % 7% 8% 9% 10% 15% 2% % 14% 15% 16% 17% 18% 19% 20% 21% 22 1 09520952 0943 0935 0925 0917 0909 0901 0893 0885 0877 08700862 0855 084 08400 23 24 25 0826 0820 081 0806 ORO 2 0925 0907 09900173 0857 0842 0826 0812 0797 0783 0769 0.756 0743 0731 071 070 0694 0683 067205610650 0640 3 0899 0854 08400816 014 072 0.751 0731 072 0693 06750658 0641 0624 0609051 059 0564 055 057 0524 0512 4 0855 0.823 092 0763 0.735 0708 0683 0659 0636 060 0592 0572 0552 0534 0516 0.499 0.482 04670451 0.37 0.423 0450 5 0822 0.784 0747 0713 0681 0650 0621 0593 0567 0543 0519 0497 0476 0456 0437 0419 0402 028603700355 0341 0378 6 790 0746 0705 0666 0630 0595 0564 0535 0507 0480 0456 0432 04100200370 0352 0335 0 3190303 0789 0275 0762 7 0760 0711 0665 0.623 0583 0547 0.53 0.482 0.452 0.125 0.400 0376 0354 0333 0.314 0296 0279 0263 0249 0235 0222 0210 8 0731 06770627 0582 0.540 0502 0.467 0434 0404 0376 0351 031 03050285 0256 0249 0233 0218 0204 0191 0119 0168 9 0703 0645 0592 0.544 0500 0460 0.424 0.391 0361 0.333 03080284 0263 0243 0225 0209 01940180 0167 0155 014 0134 100676 0614 055 0508 0463 0.422 0.386 0352 0322 0295 02200247 0227 02080110176 01620149 01701260116 0107 11 0650 0585 0527 0475 0429 0388 03500307 027 0261 0232 021501950178 012 018 0135 01230112 09030094 0086 0625 0.557 0497 0.444 0397 0356 0.319 0286 0257 0231 020 0187 0168 0152 013 0124 01120102 0.092 0083 0076 0.069 130601 0530 0469 04150368 0326 02900258 0229 0204 082 0163 01450130 0116 0104 0093 0084 0.075 0068 0061 0055 14 0577 0505 04420388 0.340 0299 0263 0232 0205 01810160 011 01250110099 008 0.078 0069 0062 0055 0049 0.044 15 0555 041 0417 0.362 0.315 0275 0219 0 209 0183 0160014001230108 009 0084 0674 0065 0057 0.051 0045 0000 0035 0534 0458 0394 0.3390292 0252_0.2180188 0163 0541 012301070093 0.01 0071 -0.062 0054 0047 0042 0036 0032 0.028 17 0513 0436 0371 0.31 0.270 0231 0198 017 0146 0125 010 01093 DOO 006900600052 0.045 0039 0034 0.030 0026 0023 18 0494 0416 0350 0.296 0 250 0212 0:1800153 013001110095 0.081 0069 0059 0.051 0044 0038 0.032 0028 0.024 0021 0018 19 0475 0.396 0331 027 0232 0194 0164 0138 0116 0098 003 0070, 0.0600051 0043 0.037 0031 0022 0.023 0020 00 00 200456 0.377 0.312 0258 0215 0178 0149 0124 0104 DORZ 0073 060051 0043 0.037 0001 0026 0022 0.019 0.016 OOM 0012 21 0419 0359 0.294 0242 0199 0164 013501120093 0077 0064 0053 0044 0037 0031 0026 0022 0.018 0.01 0.013 001 0009 22 0422 0342 0278 0.226 0184 015001230101 0083 006 0056 0.046 0038 00320026 0022 0018 0015 0013 001 0009 0007 0406 0326 0262 021101700138 0.112 0.091 0074 0060 0049 0040 0033 0027 0022 0018 0.015 0.012 001 0009 0.002 0.006 24 0.390 0.3100247 0197 0158 0126 0102 0082 0066 0053 00430035 002 0023 0.019 0015 001 0010 0.008 0.0020006 0005 25 0.375 0295 0233 0184 0146 0.116 0.092 0.074 0059 0047 003 0030 0024 0020 001 005 0004 0013 0.00 0.009 0.007 0.006 0361 0281 0220 0172 01350106 26 0.084 0066 0053 0042 0033 0.025 0.021 0.01 0.014 0.01 0.009 0.007 0006 0.005 0004 0.003 0002 27 0347 0268 0207 0161 0125 0098 0076 0060 0047 0032 0029 0023 0.018 0010011 0009 0.007 000 000 000 000 28 0333 0255 0.196 01500116 0090 0069 0054 0042 0033 0026 0.020 0016 0.012 0.01 0008 0006 0005 0004 0.003 0.002 0.002 29 0321 0243 0185 0141 0907 0082 0063 0048 0037 0,029 0022 0017 001 0011 0008 0006 0005 000 0.0030002 0,002 0002 30 0.308 0231 0174 0131 0099 0.075 0057 0044 0033 0026 0020 0,015 0012 0009 0.007 0.005 0.00 0.00 0.003000200020001 0.003 0.002 0.001 0.00 0.008 0.005 0.00 0.00 40 0.000 0.000 0.000 0.000 0.000 0208 0102 0097 0067 0046 0032 0022 0015 00 23 Required Information The following information applies to the questions displayed below. Cardinal Company is considering a five year project that would require a $2.812.000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 16%. The project would provide net operating income in each of five years as follows: $2,855,000 1,010,000 1,845,800 Sales Variable expenses Contribution margin Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses Net operating income $798,000 562,400 1,360,400 484,600 $ Click here to view Exhibit 12B1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using table. Required: 1. Which item(s) in the income statement shown above will not affect cash flows? (You may select more than one answer. Single ciek the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as Incorrect.) Sales Variable expenses Advertising, salaries, and other food out-of-pocket costs expenses Depreciation expense other Fixed out-of-pocket costs Depreciation Total fixed expenses Net operating income $798,000 562,400 1,360,400 484,609 Click to view Exhibit 12B-1 and Exhibit 128-2. to determine the appropriate discount factors) using table 2. What are the project's annual net cash inflows? Annual net cash inflow 1,845,000 Contribution margin Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs Depreciation Total fixed expenses Net operating income $798,000 562,400 1,360,400 $ 484,600 Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using table. 3. What is the present value of the project's annual net cash inflows? (Round your final answer to the nearest whole dollar amount.) Present value