E12-25A (similar to) Zanan industries being where to west in selepanels to provide some of the electrical needs of its main office building in Green Bay, Wisconsin Thesar panel project would cost $475,000 and would provide cost savings in its ty bills of 330,000 per year. It is anticipated that the solar panels would have a life of 20 years and would have no resid value Read the (Click the icon to view the present value factor table Click the icon to view the present value annuity factor table Click the con to view the future value factor table> (Click the icon to view the future vernuty factor table) Requirement 1. Culate the payback period in years of the solar panel project Determine the formula then clicethe payback period (Round your answer to two decimal places) Paytrack period Choose from any drop-down list and then click Check Answer 5 emaining Clear A 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 0.909 0.893 0.877 0.862 0.847 0.833 Period 2 0.9800.961 0.943 0.925 0.907 0.890 0.857 0.826 0.797 0.769 0.743 0.718 0.694 Period 3 0.971 0.942 0.915 0.889 0.864 0.840 0.794 0.751 0.712 0.675 0.641 0609 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 0.516 0.482 Period 5 0.951 0.906 0.863 0.822 0.784 0.7470 681 0.621 0567 0.519 0.476 0.437 0.402 Period 6 0.942 0888 0.837 0.790 0.746 0.705 0630 0.564 0.507 0.456 0.410 0.370 0.335 Period 7 0.933 0.871 0.813 0.760 0.711 0.665 0.583 0.513 0.452 0.400 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 0.266 0233 Period 9 0.914 0.837 0.766 0.703 0.645 0.592 0.500 0.424 0.361 0.308 0.263 0.225 0.194 Period 10 0905 0.820 0.744 0676 0.614 0.558 0.463 0.386 0322 0.270 0.227 0.191 0.162 Period 11 0896 0.804 0.7220 650 0.585 0.527 0.429 0.350 0.287 0237 0.195 0.162 0.135 Period 12 0887 0.788 0.701 0625 0.557 0.497 0.397 0.319 0.257 0.208 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 0870 0.758 0.661 0577 0.505 0.442 0.340 0.263 0.205 0.160 0.125 0.099 0.078 Period 15 0.861 0.743 0.642 0555 0.481 0.417 0.315 0.2390.183 0.140 0.108 0.084 0.065 Period 20 0820 0.673 0.5540456 0.377 0.312 0.215 0.149 0.104 0.073 0.051 0.037 0.026 Period 25 0.780 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 0.7420552 0.412 0.308 0.231 0.1740.099 0.057 0.033 0.020 0.012 0.007 0.004 Period 40 0.672 0.453 0.307 0.208 0.142 0.097 0.046 0.022 0.011 0.005 0.003 0.001 0.001 Present Value of Annuity 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 0.909 0.893 0877 0.862 0.847 0.833 Period 2 1.970 1.942 1913 1886 1.859 1.833 1783 1.736 1.690 1.647 1.605 1.566 1.528 Period 3 2.941 2.884 2829 2.775 2.723 2673 2577 2487 2402 2.322 2.246 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 4.853 4.713 4.580 4.452 4.3294212 3.993 3.791 3.605 3.4333274 3.127 2.991 Period 6 5.795 5.601 5.417 5242 5.076 4.917 4.623 4.355 4.111 3.889 3.685 3.498 3.326 Period 7 6.728 6.472 6230 6.002 5.786 5.582 5206 4.86845644.288 4.039 3.812 3.605 Period 8 7.652 7.325 7020 6.733 6.4636.210 5747 5.335 4.968 46394344 4.078 3.837 Period 9 8.566 8.1627786 7.435 7 108 6.802 6.247 5.759 5.328 4.946 4.607 4.303 4.031 Period 10 9.471 8.983 8.530 | 8.111 77227.360 6.710 6.145 5.6505.216 4.833 4.494 4.192 Period 11 10.368 9.787 9253 8.760 8.3067.887 7 139 6 495 5.938 5.453 5.029 4656 4.327 Period 12 11 255 10.575 9.954 9.385 8.863 8.384 7.536 6.814 6.1945.660 5.1974.793 4439 Period 13 12.134 11.348 10.635 9.986 9.394 8.853 7.904 7.103 6.424 5.842 5342 4.910 4.533 Period 14 13.004 12.106 11296 10563 9.899 9.295 8 244 73676.628 6.002 5.468 5.008 4.611 Period 15 13.865 12.849 11.938 11.118 10 380971285597606 6.811 6.142 5575 5.092 4.675 Period 20 18.046 16 351 14 877 13.590 12.462 11.470 9818 8.5147.469 6.623 5.929 5.353 4.870 Period 25 22.023 19.523 17.413 15.622 14.094 12783 10.675 9.0777 843 6873 6.097 5467 4.948 Period 30 25.808 22 396 19.600 17 292 15.372 13.765 11.258 9.4278 055 7.003 6.177 5.517 4.979 Period 40 32,835 27 355 23.115 19 793 17 159 15.046 11.925 9.779 8 244 7 105 6233 5.548 4.997 Periods Period 1 Period 2 Period 3 Period 4 Period 5 Period 6 Period 7 Period 8 Period 9 Period 10 Future Value of $1 2% 1% 3% 4% 5% 6% 8% 10% 12% 14% 18% 16% 20% 1010 1.020 1.030 1.040 1.050 1.060 1,080 1.100 1.120 1.140 1.160 1.180 1.200 1 020 1.040 1.061 1.082 1.103 1.124 1.166 1.210 1254 1.300 1.346 1.440 1392 1.030 1.061 1.093 1.125 1.158 1.191 1260 1.331 1.405 1.482 1.561 1.643 1.728 1.041 10821.126 1.1701216 1.262 1.360 1.464 1.574 1.689 1.811 1.939 2.074 1.051 1.104 1.159 1.217 12761338 1.469 1.611 1.762 1.925 2.100 2288 2.488 1062 1.126 1.194 12651.3401.419 1587 1.772 1.974 2.195 2.436 2.700 2.986 1.072 1.149 1.230 1.316 1.407 1.504 1714 1.949 2211 2.502 2.826 3.185 3.583 1.083 1.172 1.267 1.369 1.477 1.594 1851 2.144 2476 2853 3.278 3.759 4300 1.094 1.195 1.305 1.423 15511.689 1.999 2.358 2.773 3.252 3.803 4.435 5.160 1.1051219 1.344 1.480 1.629 1791 2.159 2.594 3.106 3.707 5.234 6.192 1.116 1.243 1.384 1.539 1710 1.898 2332 2853 3.479 4.226 5.117 6.176 7430 1.127 1.268 1.426 1.601 1796 2012 2518 3.138 3.896 4.818 5.936 7.288 8.916 1.138 1294 1.469 1665 1886 2.133 2720 3.452 4.363 5492 6.886 8.599 10.699 1.149 1319 1.513 1732 1.980 2261 2.937 3.797 4.887 6.261 7988 10.147 12.839 1.161 1.346 1.558 1.801 2.079 2.397 3.172 4.177 5.474 7 138 9266 11.974 15.407 1220 1.486 1 806 2.191 2.653 3.207 4661 6.727 9.646 13.743 19.461 27393 38.338 1 282 1641 2.094 2666 3.386 4.292 6.848 10 835 17.000 26.462 40.874 62.669 95.396 1.348 1 811 2.427 3243 43225.743 10.063 17 449 29.960 50.950 85.850 143.371 237 376 1.489 2.208 3.262 4.801 7.040 10 286 21.725 45.259 93.051 188 884 378.721 750.378 1.469.772 4.411 Period 11 Period 12 Period 13 Period 14 Period 15 Period 20 Period 25 Period 30 Period 40 Future Value of Annuity of $1 Periods 1% 2% 3% 4% 5% 6% 8% 10% 12% 14% 16% 18% 20% Period 1 1.000 1.000 1000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 Period 2 2010 2.020 2030 2040 2050 2060 2.080 2.100 2.120 2.140 2.160 2.180 2.200 Period 3 3.0303060 3.091 3.122 3.153 3.184 3.246 3310 3.374 3.440 3.506 3.572 3.640 Period 4 4.060 4.122 4.184 4.246 4310 4375 4.506 4.641 4.779 4921 5.066 5215 5,368 Period 5 5.101 5.204 5.309 5.416 5526 5637 5.867 6.105 6.353 6.610 6.877 7 154 7.442 Period 6 6.152 6 308 6.468 6.633 6 802 6.975 7336 7716 8.115 8.536 8.977 9442 9.930 Period 7 7.214 7.434 7.662 7 898 8.142 8.394 8.923 9.487 10.089 10.730 11.414 12.142 12.916 Period 8 8.286 8.583 8 892 9.214 9.549 9.897 10.637 11.436 12 300 13.233 14240 15 327 16.499 Period 9 9.369 9.755 10.159 10.583 11027 11.491 12.488 13.579 14.776 16.085 17.519 19.086 20.799 Period 10 10.462 10.950 11.464 12.006 12578 13.181 14 487 15.937 17 549 19.337 21.321 23.521 25.959 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 32.150 Period 12 12.683 13.412 14 192 15.026 15917 16.870 18.977 21.384 24 133 27 271 30 850 34.931 39.581 Period 13 13.809 14680 15618 1662717 713 18.882 21 495 24.523 28.029 32089 36.786 42219 48 497 Period 14 14947 15 974 17 086 18 292 19 599 21.015 24 215 27.975 32 393 37581 43672 50.818 59.196 Period 15 16 097 17.293 18,599 2002421579 23.276 27 152 31.772 37 280 43.842 51660 60.965 72.035 Period 20 22.019 24.297 26.870 29.77833066 36.786 45.762 57 275 72052 91 025 115,380 146.628 186.688 Period 25 28 243 32 030 36.459 41.646 47 727 54,865 73.106 98.347 133 334 181.871 249 214 342.603 471.981 Period 30 34.785 40.568 47 575 56 085 66.439 79.058 113.283 164.494 241 333 356.787 530.312 790.948 1,181 882 Period 40 48 886 60.402 75 401 95.026 120 800 154.762 259.057 442.593 767091 1,342.025 2,360,757 4163,213 7.343 858