EXHIBIT 138-2 ods 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 5% 16% 7% 18% 19% 20% 21% 22% 22% 24% 25% ! 062 0.952 0.943 090926 0.917 0909 0.901 0892 .ggG 0977 0 70 0862 0g55 0847 0.940 0833 0826 0820 0813 0p06 0.g00 2 1.886 1859 1833 1808 1 783 1.759 1736 1.713 1.690 1.668 1647 1626 1.605 1585 1.566 1547 1528 1509 1492 1474 1457 1440 3 2.775 2.723 2673 2624 2577 2531 2487 2.444 2402 2.361 2322 2283 2246 2210 2174 2140 2 106 2074 2042 2011 1981 1952 0962 0952 0943 0935 0926 0917 0909 0901 0893 0885 0877 0870 0862 0855 0847 0840 0833 0826 0820 0013 0006 0800 3 0889 0864 0880 0816 0794 0772 0751 0731 0712 0693 0675 0658 0641 0624 0609 0593 0579 0564 0551 0537 0524 0512 4 0855 0823 0792 0743 0735 0708 0683 0659 0 636 0613 0592 0572 0552 0534 0si6 0499 0482 0467 0451 0437 0423 0410 5 4452 4329 42124100 3993 3.890 3791 3.696 360S 3.517 3433 3362 3274 3.199 3.127 3058 2991 2926 2864 2.803 2745 2689 5.242 5076 4.917 4767 4623 4 486 4355 231 4 1112998 35393.78416853.5803498 1410332612451167 3D9230202951 7 6002 5.786 5.582 5.209 5206 5.0 4868 712 4SGA 4.422 4 288 4.160 4020 2022 .12 1706 2606 1508 1416 3.227 2242 2.161 8 6733 6463 6210 5971 574 5535 5335 5.146 4968 4799 4639 4487 4344 4207 4078 3954 3837 3726 3619 3518 3421 3.329 9 7435 7,108 6802 6515 6247 5.995 5759 5537 5328 5132 4946 4772 4 607 4451 4303 4163 4031 3.905 3786 3.673 3566 3463 10 1 11 7.722 7.360 7024 6710 6.418 45 5.889 5655.426 5216 S019 4 833 4 659 4 494 4339 4 192 4064 3923 3.799 3682 157 11 8.768.306 7B87 7.499 7.139 6805 6 495 6.207 5938 5687 5453 5234 5029 4836 4.656 4486 4327 4.177 4035 3.902 3.776 3.656 2 9385 8863 8384 7943 7536 7.161 6814 6.492 6 194 5918 5660 5421 5 197 4.988 4793 4611 4439 4278 4 127 3.985 3851 3725 13 9986 9.394 8853 8358 7904 7 487 7 1036. 75064246. 1225842 5583342 1 18 491047 1545334.362 4203 4.05339123.780 4 10.563 9.899 9295 8745 8244 7.786 7367 6982 6628 6302 6002 5724 5468 5229 5008 4.802 4611 4432 4265 4.108 3962 3.824 15 1 1.110380 9.712 9. 108 8550 8061 7606 7 91 6811462 0.142 5547 5575 5324 5092 4876 4675 4489 4 315 4.153 4001 3899 11 0650 055 0527 0475 0429 0388 0350 0317 0287 0261 0237 0215 0.195 0178 0.162 a140135 0123 0112 0 503 0094 0086 12 0625 0557 0497 0444 0397 0356 0319 0296 0257 0231 0208 0187 0.1682 0.137 0124 0.112 0102 0092 0083 0076 0069 13 0601 0530 0469 0415 0368 0326 0290 0258 0229 0204 0.182 0163 0.145 0130 0.116 0 104 0.093 0084 0.075 0068 0061 0055 s os55 0481 0417 0362 0315 0275 0239 0209 0.183 0160 0.140 0123 0 108 0095 0084 0074 0.065 0057 0051 0045 0040 0035 17 12.10G 11.274 10.477 9.763 9 122 gS44 022 7.549 7 1206. 729 G,373 6047 5749 5.475 5 222 4 990 4775 4576 4391 4219 4059 2910 8 12.669 11690 10.828 10059 9372 8.756 8201 7.702 7 250 6880 6467 6128 5818 5534 5273 5033 4812 4608 4419 4.243 4080 3928 9 13.134 12.085 11.158 10 336 9604 8.950 8365 7.839 7 366 6938 6550 6.198 5877 5 584 5316 5070 4843 4635 4 442 4.263 4097 3942 21 14.029 12821 11.764 10836 10017 9292 8649 8.075 7562 7.102 6687 6312 5973 5665 5384 5.127 4891 4675 4476 4.202 4121 3963 21 0439 0359 0294 0242 0199 0 164 0135 0112 0093 0077 0064 0053 0044 0037 0031 0026 0022 0018 0015 0013 0011 0009 23 14057 13489 12 303 11 272 10371 9 sa$883 206 7 718 7 220 G 792 6399 6044 723 432 S1G7 4 92 4.703 4499 4311 4137 3976 24 15247 13799 12 550 11469 10529 9.707 8985 8348 7784 7.283 6835 6434 6073 5 746 5451 5.1824937 4713 4507 4.318 4 143 298 25 15622 14094 12.783 11654 10675 9823 9077 8422 7843 7.330 6873 6464 6097 5 766 5467 5 195 4948 4721 4514 4323 4 147 3985 24 0390 0310 0247 0197 0158 0 126 0.102 002 0066 0053 0043 0035 0028 0023 0019 0015 0013 0010 0.008 0007 0006 0005 25 0375 0235 0233 0 184 0.146 0116 0092 0074 0.059 0047 0038 0030 0024 0020 0016 0013 0010 0009 0007 0006 0005 0004 30 17292 15.372 13.765 12409 11258 10 274 9427 8694 8055 7.496 7003 6566 6 177 5829 5517 5235 4979 4746 4534 4.339 4160 3.995 40 19.793 17.159 15046 13.332 11925 so.757 9.7798.951244 7634 71056642 6233 5871 5548 S258 4997 4700 4544 4347 4106 3999 40 0.20g 0.142 0.097 0067 0.046 0032 0.022 0.015 0011 000g 0.005 0004 0.003 0002 0.001 0001 0.001 0000 0.000 0000 0.000 0.000 Joanette, Inc., is considering the purchase of a machine that would cost $480,000 and would last for 6 years, at the end of which, the machine would have a salvage value of $58,000. The machine would reduce labor and other costs by $118,000 per year. Additional working capital of $4000 would be needed immediately, all of which would be recovered at the end of 6 years. The company requires a minimum pretax return of 17% on all investment projects. (Ignore income taxes.) Use Exhibit 13B-1 and Exhibit 13B-2 above to determine the appropriate discount factors). Required: Determine the net present value of the project. (Negative amount should be indicated by a minus sign. Round your intermediate calculations and final answer to the nearest whole dollar amount.) Net present value