Davis, Managerial Accounting, 3e Help I System Announcements CALCULATOR PRINTER VERSION BACK NEXT Problem 9-23 Bill Zimmerman is evaluating two new business opportunities. Each of the opportunities shown below has a ten-year life. Bill uses a 10% discount rate. Option 1 $71,000 Option 2 $81,560 $28,000 $30,410 Equipment purchase and installation Annual cash flow Equipment overhaul in year 3 Equipment overhaul in year 5 $4,510 $5,750 Click here to view the factor table. Calculate the net present value of the two opportunities. (Round present value factor calculations to 4 decimal places, e.g. 1.2514 and the final answers to O decimal places, e.g 59,991.) Option 1 Option 2 Net present value $ LINK TO TEXT LINK TO VIDEO VIDEO: SIMILAR EXERCISE