Current Attempt in Progress The Flint Company is planning to purchase $453,000 of equipment with an estimated 7-year life and no estimated salvage value The company has projected the following annual cash flows for the investment: Year 1 Projected Cash Flows $235.000 130,000 116,000 2 3 4 53,000 5 60,800 6 40.000 7 49.500 Total 5684,300 Click here to view the factor table. Calculate the net present value of the proposed equipment purchase. Flint uses a 11% discount rate. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to decimal place, 28. 58,971.) 5 115 18% APPENDIX 9.1 Present value of $1 received in n periods. Periods 45 6% 7% 8% 9% 10% 1 0.9615 0.9524 0.9434 0.9346 0.9259 0.9174 0.9091 2 0.9246 0.9070 0.8900 0.8734 0.8573 0.8417 0.8264 3 0.8890 0.8638 0.8396 0.8163 0.7938 0.7722 0.7513 4 0.8548 0.8227 0.7921 0.7629 0.7350 0.7084 0.6830 5 0.8219 0.7835 0.7473 0.7130 0.6806 0.6-499 0.6209 0.9009 0.8116 0.7312 0.6587 0.5935 12% 0.8929 0.7972 0.7118 0.6355 0.5674 13% 0.8850 0.7831 0.6931 0.6133 0.5428 14% 16' 0.8772 0.8621 08475 0.7695 0.7432 0.7182 0.6750 0.6-107 0.6086 0.5921 0.5523 0.5158 0.5194 0.4761 0.4371 20% 0.8333 0.6944 0.5787 0.4823 0.4019 6 7 & 9 10 0.7903 0.7599 0.7307 0.7026 0.6756 0.7462 0.7050 0.6663 0.6302 0.7107 0.6651 0.6227 0.5833 0.6768 0.6274 0.5820 0.5403 0.6446 0.5919 0.5439 0.5002 0.6139 0.5584 0.5083 0.4632 0.5963 0.5470 0.5019 0.4604 0.4224 0.5645 0.5132 0,4665 0.4241 0.3855 0.5346 0.5066 0.4803 0.4556 0.4817 0.4523 0.4251 0.3996 0.4339 0.4039 0.3762 0.3506 0.3909 0.3606 0.3329 0.3075 0.3522 0,3220 0.29:46 0.2697 0.4104 03704 0.3319 0.3538 0.3139 0,2791 0.3050 0.2660 0.2326 0.2630 0.2255 0.1938 0.2267 0.1911 0.1615 11 12 13 14 15 0.6496 0.6246 0.6006 0.5775 0.5553 0.5847 0.5568 0.5303 0.5051 0.4810 0.5268 0.4751 0.4289 0.4970 0.4440 0.3971 0.4688 0.4150 0.3677 0.4423 0.3878 0.3405 0.4173 0.3624 0.3152 0.3875 0.3505 0.3555 0.3186 0.3262 0.2897 0.2992 0.2633 0.2745 0.2394 0.3173 0.2875 0.2607 0.2858 0.2567 0.2307 0.2575 0.2292 0.2042 0.2320 0.2016 0.1807 0.2090 0.1827 0.1599 0.2366 0.1954 0.1619 0.1346 0.2076 0.1685 0.1372 01122 0.1821 0.1452 0.1163 0.0935 0.1597 0.1252 0.0985 0.0779 0.14010.1079 0,0835 0.0649 16 0.5339 17 0.51344 18 0.4936 19 0.4746 20 0.4564 $1 PV= (1 + i)" 0.4581 0.4.363 0.4155 0.3957 0.3769 0.39.36 0.3714 0.3503 0.3305 0.3118 0.3387 0.2919 0.3166 0.2703 0.2959 0.2502 0.2765 0.2317 0.2584 0.2145 0.2519 0.2311 0.2120 0.1945 0.1784 0.2176 0.1978 0.1799 0.1635 0.1486 0.1883 0.1631 0.1696 0.1456 0.1528 0.1300 0.1377 0.1161 0.1240 0.1037 0.1415 0.1252 0.1108 0.0981 0.0868 0.1229 0.1078 0.09446 0.0829 0.0728 0.0930 O.ORG 0.0691 0.0596 0.0514 0.0708 0.0541 0.0600 0.0451 0.0508 0.0376 0.0431 0.0313 0.0365 0.0261