%E12-25A (similar to) Martin Industries is evaluating whether to invest in solar panels to provide some of the electrical needs of its main office building in Boulder, Colorado. The solar panel project would cost $675,000 and would provide cost savings in its utility bills of $70,000 per year. It is anticipated that the solar panels would have a life of 20 years and would have no residual value. Read the requirements. (Click the icon to (Click the icon to table.) (Click the icon to vi (Click the icon to vie table.) Requirement 1. Calculate the payback period in years of the solar panel project. Determine the formula, then calculate the payback period. (Round your answer to two decim Initial investment Expected annual net cash inflow 675,000 70,000 Requirement 2. If the company uses a discount rate of 8%, what is the net present value of th to the nearest whole dollar. Use parentheses or a minus sign for a negative net present value.) The net present value of the project is Enter any number in the edit fields and then click Check Answer, nd payt 3 ports remaining Clear A Chech tv Aa 7 of 10 ( complete) HW Score: 61.67%, 12.33 of 20... core: 0.83 of 2 pts BE12-25A (similar to) Question Help * Reference X tor Marti panol office would utility panol residy Read Regu Deter Present Value of $1 Periods 1% 2% 3% 4% 5% 6% 8% 10% 12% 14% 16% 18% 20% Period 1 0.990 0.980 0.971 0.962 0.952 0.943 0.926 09090.893 0.877 0.862 0.847 0.833 Period 2 0.980 0.961 0.943 0.925 0.907 0.890 0.8570828 0.797 0.769 0.743 0718 0694 Period 3 0.971 0.942 0915 0.889 0.864 0.840 0.794 0.751 0.712 0.675 0.641 0.609 0.579 Period 4 0.961 0.924 0.888 0,855 0.823 0.792 0.735 0.683 0.636 0.592 0.552 0516 0.482 Period 5 0.951 0.906 0.863 0.822 0.784 0.747 0681 0621 0.567 0.519 0476 0.497 0402 Period 6 0.942 0.888 0.837 0.790 0.746 0.705 0630 0.564 0.5070456 0410 0.370 0.335 Period 7 0.933 0.871 0.813 0.7600.711 0.665 0.583 0.513 0.4520.400 0.354 0.3140.279 Period 8 0.923 0.853 0.789 0.731 0.677 0.627 0.540 0.467 0.404 0.351 0.305 0.286 0233 Period 9 0.914 0.837 0766 0.703 0,645 0.592 0.500 0424 0.361 0.308 0.263 0225 0.194 Period 100.906 0.820 0.7440.678 0.614 0.558 0.463 0.3860.3220270 0.227 0.1910.162 Period 110.896 0.804 0.722 0.650 0.58 0.527 0.429 03500 287 0.237 0.195 0.162 0.135 Period 12 0887 0.788 0.701 0.625 0.5570497 0.397 0.319 0257 0.200 0.168 0.137 0.112 Period 13 0.879 0.773 0.681 0.601 0.530 0.4690.368 0.290 0.229 0.182 0.145 0.116 0.093 Period 14 0.870 0.758 0.661 0.577 05050442 0.340 0263 0.205 0.160 0.125 0.099 0.078 Period 15 0.861 0.743 0.642 0.55 0.4810417 0.315 0.239 0.183 0.140 0.108 0.084 0.065 Period 20 0.820 0,673 0.554 0.45 0.377 0.3120215 0.149 0.104 0.073 0061 0.037 0.026 Period 25 0.750 0.610 0.478 0.375 0.295 0.233 0.146 0.092 0.059 0.038 0.024 0.016 0.010 Period 30 0.742 0.552 0.412 0.308 0.231 0174 0,099 0.0570033 0.0200.012 0.007 0.004 Period 400.672 0.453 0.307 0208 0.142 0.097 0.046 0.022 0.0110.005 0.003 0.001 0.001 swer Requ to the The Entor Print Done Clear A Check Answer par 3 remaining w Aa tv - ( 9 & 7 ) 0 Il + delete 8 of 2 pts 10, 25A (similar to) Question Help Reference 18% Present Value of Annuity of S1 Periods 1% 2% 3% 4% 5% 6% 8% 10% 12% 14% 16% 20% Period 1 0.990 0.980 0.971 0.962 0.952 0.943 0.926 0.909 0.893 0.877 0.862 0.847 0.833 Period 2 1.970 1.942 1.913 1.886 1.859 1.833 1.783 1.736 1.690 1.847 1.605 1.566 1.528 Period 3 2.941 28842829 2.775 2.723 2.673 2.577 2.487 2.4022.322 2246 2.174 2.106 Period 4 3.902 3.808 3.717 3.630 3.546 3.465 3.312 3.170 3.037 2.914 2.798 2.690 2.589 Period 5 4.8534.713 4.580 4.452 4.329 4212 3.993 3.791 3.605 3.4333 274 3.1272991 Period 65.795 5.601 5.417 5.242 5.076 4.917 4.623 4355 4.111 3.889 3.685 3.498 3.326 Period 7 6.728 6.472 6.230 6.002 5.786 5.5825.206 4.868 4.564 4.288 4.039 3.812 3.605 Period 8 7.652 7.325 7.020 6.733 6.463 6.210 5.747 5.335 4.968 4.639 4.344 4.078 3.837 Period 9 8.566 8.1627.786 7.435 7.108 6.8026.247 5.759 5.328 4.946 4,607 4303 4.031 Period 10 9.471 8.983 8.530 8.111 7.722 7360 6.710 6.145 5.650 5.216 4.833 4.494 4.192 Period 11 10.368 9.787 9.253 8.760 8.306 7.887 7.139 6495 5.938 5.453 5.029 4.656 4.327 5.660 Period 12 11 255 10.575 9.954 9.385 8.8638.3847536 6.8146.194 5.197 4.793 4.439 Period 13 12.134 11.348 10.635 9.986 9.394 8.853 7.904 7.103 6.424 5.842 5.342 4.910 4.533 5.468 Period 14 13.004 12.106 11.296 10.563 9.899 9.295 8.244 7.367 6.628 5.002 5.000 4.611 6.142 5.575 Period 15 13.865 12.849 11.938 11.118 10.3809.712 8.559 7.606 6,811 5.092 4 675 5.353 4870 Period 2018.046 16.351 14.877 13.59012462 11.470 9.818 8.5147469 6.623 5.929 5.467 4.948 Period 25 22.023 19.523 17:413 15 622 14.094 12.783 10,675 9.077 7.8436.873 6.097 4.979 Perlod 30 25.808 22 396 19.600 17.292 15.372 13.765 11.258 9.427 8.055 7.0036.1775517 5 548 4.997 Period 40 32.835 27.355 23.115 19.793 17.159 15.046 11.925 9.7798244 7.1056.233 hswe ter Print Done Clear All Check Answer parts remaining w Aa A (similar to) Question Help rence Future Value of $1 ds 1% 2% 3% 5% 6% 8% 10% 12% 14% 16% 18% 20% 1 1.01Q 1.020 1.030 1.040 1.050 1.060 1,080 1.100 1.120 1.140 1.160 1.180 1.200 2 1.020 1.0401.061 1.082 1.103 1.124 1.166 1.210 1.254 1.300 1.346 1.392 1.440 1.030 1.061 1.093 1.125 1.158 1.191 1.260 1.331 1.405 1.482 1.561 1.643 1.728 od 4 1.041 1.0821.126 1.170 1.216 1.262 1.360 1.464 1.574 1.689 1.811 1.939 2.074 od 5 1.051 1.104 1.159 1.217 1276 1.338 1.469 1.611 1.762 1.925 2.100 2 288 2488 hod 6 1.062 1.126 1.194 1.265 1.340 1.419 1.587 1.772 1.974 2.195 2436 2.700 2.986 riod 7 1.072 1.149 1.230 1.316 1.407 1.504 1.714 1.949 2.211 2.502 2.826 3.185 3.583 riod 8 1.083 1.172 1.267 1.369 1.477 1.594 1.851 2.144 2.476 2.853 3.278 3.759 4.300 eriod 9 1.094 1.1951.305 1.423 1.551 1.689 1.999 2.358 2.773 3.252 3.803 4 435 5.160 Period 10 1.105 1.219 1.344 1480 1.629 1.791 2.159 2.594 3.106 3.707 4.411 5.234 6.192 Period 11 1.116 1.243 1.384 1.539 1.710 1.898 2.332 2.853 3.479 4.226 5.117 6.176 7.430 Period 12 1.127 1.268 1.426 1.601 1.796 2012 2.518 3.1383896 4.818 5.936 7.288 8.916 Period 13 1.438 1.254 1.469 1.665 1886 2.133 2.720 3.4524383 5.492 6.886 8.599 10.699 Period 14 1.149 1.319 1.513 1.732 1.980 2.261 2.937 3.797 4.887 6.261 7988 10.147 12839 Period 15 1.161 1.346 1.558 1 801 2.079 2.397 3.172 4.177 5.474 7.138 9.266 11.974 16.407 Period 20 12201486 1 806 2.1912.653 3.207 4661 6.727 9.646 13.743 19.461 27.393 38 338 Period 25 1.282 1.641 2094 2666 3.386 4292 6.848 10.835 17.000 26.482 40.874 62.669 95 396 Period 30 1348 1811 2.427 3243 4.322 5.743 10.06317.449 20.960 50.950 85.850 143371 237 378 Period 40 1489 2208 3.262 4.801 7040 10.286 21.725 4525993 051188 884378.721750 3781,469.772 Print Dono 3 omning etv A > & ( ) + = delete 7 ference 2 1 Tod 3 4.375 3 5 7 9 Future Value of Annuity of $1 Rods 1% 2% 3% 4% 5% 6% 8% 10% 12% 16% 18% od 1 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1,000 1.000 1.000 1.000 od 2 2.010 2020 2.030 2.040 2.050 2.060 2.080 2.100 2.120 2.140 2.160 2.180 3.030 3.0603.091 3.122 3.153 3.184 3.246 3.310 3374 3.440 3.506 3.572 mod 4 4.060 4.122 4.184 4.246 4.310 4.506 4.641 4.779 4.921 5.066 5.215 rod 5 5.101 5.204 5309 5.416 5.526 5.637 5,867 6.105 6.353 6.610 6.877 7.154 eriod 6 6.152 6.308 6.468 6.633 6,802 6.975 7.336 7.716 8.115 8.536 8.977 9.442 Period 7 7.214 7.434 7.662 7898 8.142 8.394 8.923 9.487 10,089 10.730 11.414 12.142 12 Period 8 8.286 8.583 8.8929.2149.549 9.897 10.637 11436 12.300 13.233 14.240 15.327 16 Period 9 9.369 9.755 10.159 10.583 11.027 11491 12.488 13.579 14.776 16,085 17,519 19.086 20 Period 10 10.462 10.950 11.464 12.006 12.578 13.181 14.487 15.937 17.549 19.337 21.321 23 521 25 Period 11 11.567 12.169 12.808 13.486 14.207 14.972 16.645 18.531 20.655 23.045 25.733 28.755 32 Period 12 12 683 13.412 14.192 15.026 15917 16.870 18.977 21.384 24.133 27 273 30.850 34 931 Period 13 13.809 14.680 15.618 16.627 17.713 18.882 21.495 24.523 28.029 32.089 36.786 42.219 Period 14 14.947 15 974 17.086 18 292 19.599 21.015 24 215 27.975 32393 37.581 43.672 50.818 59 Period 15 16.097 11 293 18,599 20.024 21.579 23.276 27,152 31.772 37.280 43.842 51 680 60.965 72 Period 20 22.019 24 297 26.870 29.778 33.066 36.786 45.762 57.275 72052 91,025 115.380 146.628 18 Period 25 28 243 32030 36459 41.646 47.727 54.885 73.106 98.347 133.334 181.871 249.214 342 603 47 Period 30 34785 40.568 47575 56.085 66.439 79058 113.283 164 494 241 333 356787 530312 790.948 1.16 Period 40 48.88660 402 75401 95026 120 800 154.762 259,057 442593 767.091 1,342.0252,360.7674.163.2137.34 ER Print Done 3 Training tv Aa II + ( 9 ) 0 7 8 delete { } U I 0