EXHIBIT 120-1 Prosant Value of $ 1 2 3 4 5 9 7 x 9 10 11 12 14 SL 7 10 115 9 17 23 24 18 12% % 14% 15% 16% 25 19% 20% 21% 22% 09520952 0943 0935 0926 0917 0909 0901 0893 0885 0877 08700862 0855 08470840 0833 0826 0820 08130806 0800 0925 0907 0890 0873 0857 0 842 0826 0812 0797 0783 0769 0756 0.743 0731 0.71807060694 0683 0672 0661 0650 0640 0899 0864 084008160794 0772 0751 0731 072 0693 06750658 0641 0624 06090593 0579 0564 0551 0537 0524 0.512 0855 0823 0792 0763 0735 0708 0683 0659 06360613 059205720552 0534 0516 0.499 0482 04670451 0437 0423 0.410 0822 0784 0747 0713 0681 0650 0621 0593 0567 0543 0519 0.497 0.476 0456 0437 0.419 0402 0386 0370 0355 0341 0328 0790 0746 0705 0666 060 0596 0564 0535 0507 0.480 0456 0432 0410 0390 03700352 0335 0319 0303 0289 0275 0.262 0760 07110665 0623 0583 0547 0513 0.482 0452 0425 0400 0376 0354 0333 03140.296 0279 0263 0249 0235 0.222 0210 0731 06770627 0582 0580 0502 04670434 0404 0376 0351 0327 0305 0285 0266 0249 0233 0218 0204 0191 01790168 070) 06450592 0544 05000450 0424 0391 0361 0333 0.308 0281 0263 0243 0225 0209 0194 01800167 0155 0.144 0134 06760614 0.558 0508 0463 0422 0386 0352 0322 0295 0270 0247 0227 0208 0191 0176 0162 0990137 0126 0116 0107 0650 0585 0527 0475 0429 0348 0350 0317 0287 0261 0237 02150195 0178 0162 018 0135 0123 01120103 0094 0086 0.625 0557 0497 0444 0397 0356 0319 0286 0257 0231 0208 0987 0168 0152 0137 0124 01120102 0092 0083 0076 0069 0 601 0530 0469 0415 0368 0326 0290 0258 0229 0204 0182 0163 014501300116 0104 0093 0084 0075 0068 0061 0055 0577 0505 042 0388 0340 0299 0263 0232 0205 0181 0160 0541 012501 0099 OOR8 0078 0069 0.062 0055 0049 0044 05550481 0417 0362 0315 0275 0239 0209 0183 01600900123 0108 0095 0084 0074 0065 0057 0.051 0045 0040 0035 0534 045# 0394 0339 0292 0252 0218 0188 0163 01410123 01070093 0.081 007 0062 0054 0047 0042 0036 00320028 0500436 0.371 03170270 0231 0198 01700146 0125 01080093 0080 0069 0050 0052 0045 0039 0034 0030 0026 0023 0494 0416 0.350 0296 0250 0212 01800153 010 0111 0095 0.081 0069 0059 0051 0.044 0038 0032 0028 0.024 0021 0018 0475 0396 0331 0277 0232 0194 0164 0138 0196 0098 0083 0.070 0060 0051 0043 00370031 0027 0023 0020 001 0014 0456 0371 0312.0258 02150178 019 0124 0904 0.087 0073 0061 0051 0043 0037 0.031 0026 0022 0.019 0.0% 004 0012 0439 0.359 0294 0242 0199 0164 0135 01120093 0077 0064 0053 004 0037 0031 00250022 008 0015 0013 0011 0009 0.422 0342 02780226 0184 0150 0123 01010083 0068 0056 0.046 0038 00320026 0.022 0018 0015 000 0011 0009 0007 0406 0.326 0262 0211 0170 013801120091 0074 0060 0049 0040 003 0027 00220018 0015 0012 0010 0009 0007 0006 0390 0310 0247 0197 0158 0126 0102 0082 0066 0053 0043 0035 0028 0023 0.019 0015 0013 0010 0008 0007 0.006 0.005 0375 0295 0233 0184 0146 0116 0092 0074 0059 0047 0038 0000 0024 0020 003 001 0010 0.009 0007 0006 0005 0004 0361 021 0220 012 0135010600R40066 0053 0042 003 0026 0021 001700M 0011 00090007 0006 0005 0004 0003 0.347 026 0207 0161 0125 0098 00760060 0047 0037 0029 0023 00 00 001 0009 0007 0006 0005 0004 0003 0002 0233 0255 016 0150 0116 0090 0069 0054 0042 003 0026 0020 0.0160012 0010 0008 0006 0.005 0004 0003 0.002 0002 0.321 020 0185 0141 0107 0082 0063 0048 0037 0029 0022 0017 001 0011 000 000 0005 0004 0.003 0.002 0002 0002 0308 0211 0174 0131 0099 0075 0057 004 0030 0026 0.020 00150012 0009 0007 0005 0.001 0003 0003 0.002 0002 0001 2009) 16 17 18 19 20 21 22 23 24 25 26 27 29 30 40 ST 120.2 Present we of an Annuity et in Armers: [ - M ) GELOVE 9 7 9 Periods 9 68 303 TH 23 153 16 11 22 23 24 20% 21% 255 09120952090 09350926 0917 0.909 0301 0893 0885 00370 08620855 08470840 0833 0826 020 ORD 0805 0800 2 183 1859 1813 1808 1783 1759 1736 1713 1690 1668 1647 1626 16051585 1566 1547 1528 150914921414571440 2775 2723 2672644 257 2531 2487 2414 2402 2361 2322 2283 2246 2210 2114 210 2106 2074 2042 2011 1981 1952 4 3630354616638) 330 3240 310 3102 3037 298 291 2855 2798 2743 2590 2639 2589 2540 241 248 2404 2352 5 4152423421240039933890 371 33605 75173433 3.152 377 3199 327 3058 2991 2926 2854 2802 27652683 5242 5076490 477 423 4486 4355 4221 411998 389 3784 1685 3589 3498 3410 3.326 3245 31673092 3020 2951 6002 576 55825795206 5081 4868 47124561 442 4288 490 4039 3922 3812 37063605 3508 345 33273202 367 670) 620 59215741 SSS 5336 516 496842994694487 43444207 4078 7954 3837 1726 619 518 3421 3329 7457 602 651562475995 5759 557 58 512 4905 472 4607 4451 403 43 4031 3305 376 3673 3566 1663 77227307024670 6418 645 589 5050 506 526 5019 420 461 44M413942 4054 393 3790 1682 3571 11 08306 288724937139 6805 64956207 5938 5675453 5234 5029 48364656 4486 4127 417 4035 3902 37763656 12 9790753676168146492 614 591 5660 5421 5197 498 47934611 409 4278 427 3385 38513725 9964853587904 747 703 6750 604 6122 582 553 542 5712 4910475 452 42 4203 405) 3912 3780 14 105630 925 745 8247786737 6982 62 6X2 6002 5724 5.408 572 500 48024611 402 4205.408 1902 11130972 WO 76067791166626142587 5575 5.24 5022 476 4675 415 41524001385 11653 4751 07874 733 674 660L 620 554 55 405 516249384770 456 457 44002387 12 126 112741047963122850 80227549710 6729637) 6047 5749 5.475 5272 4990 475 4576 44219 4059 1950 18 126590 128005) 937287568201 77027250 680 647 6128 588 553 52735033 48124608 419 420 4080 328 DIA 2015 111540236 96049508365789 7366 6938 6550 679 577 5584 5316 5070 40 4635 442 426) 4097 1942 20 1990 242 11470 105949813995 1963 7469 7025 6623 6259 5929 5628 5353 5301 470 4657 446042794110 2954 21 14029 221 11764 10836 001 9292 869 8075 7562 702 6687 6312 597 565 5354 51274891 4675 476 4292411393 22 451 016320021001 10201 942 872 817676457170 670 6353 60115696 5410 5594909 4690 448 402 4003920 23 14857 12.03 1.272 10371 9580 8883 8256 7718 7230 67926399 6044 5723 502 5167 925 4 703 449 4311 4573975 24 1520 1.799 2550 1140905299707 R$85 838 774 2283 6835 6434 6073 5746 5651 5182 937 4784507 31 4503981 2 15.622 1096 1273 1654 1675 9223 077 8422784373306872 6464 6091 5766 5467 51954948 4721 45444123 4547 3989 20 1598) 375 300311826 10 99299961 R488 7896 7372 6.906 6491 6118 575480 5205 4956 4728 4520 43284151 22 16200 160 1711 1987 10975 1027 9237 BSR 7903 7609 6935 65 606 57985492 52154964 4734 4524 433241543990 663 893 606 207 11051 10116 9307 8602 7984 7041 6961 6534 6152 5810 550252234970 472945284335 41573992 20 11011351 12 278 11158 109989370 650 8022 7070 698 6551 6166 5820 5510 5229 975 474345314331 41593994 30 17.292 312 1765 12.409 11258 276 9422 694 8055 72%67003 566 67 5229 5517 52354979 4746 4534 43394303995 30 1970 171 100 211925 1075797798951 244 703471056642 6233 5.8M 5548 5258 4997 4260 443474966999 SOLO ROI 16 HE The management of Kunkel Company is considering the purchase of a $35,000 machine that would reduce operating costs by $8,500 per year. At the end of the machine's five-year useful life, it will have zero salvage value. The company's required rate of return is 16% Click here to view Exhibit 128-1 and Exhibit 128-2. to determine the appropriate discount factor(s) using table. Required: 1. Determine the net present value of the investment in the machine. 2. What is the difference between the total, undiscounted cash inflows and cash outflows over the entire life of the machine? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the net present value of the investment in the machine. (Negative amount should be indicated by a minus sign. Use the appropriate table to determine the discount factor(s). Round your final answer to the nearest whole dollar amount.) Net present value Required 1 Required 2 > Required: 1. Determine the net present value of the investment in the machine, 2. What is the difference between the total, undiscounted cash inflows and cash outflows over the entire life of the machine? Complete this question by entering your answers in the tabs below. Required 1 Required 2 What is the difference between the total, undiscounted cash inflows and cash outflows over the entire life of the machine? (Any cash outflows should be indicated by a minus sign.) Total difference in undiscounted cash inflows and outflows