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First two parts are the question. The rest is how it needs to be filled in. I've tried it twice and can't seem to get

First two parts are the question. The rest is how it needs to be filled in. I've tried it twice and can't seem to get it. Cany anyone help?

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P26-5B Compute annual rate of return, cash payback, and net present value
The Borders and Noble partnership is considering three long-term capital investment proposals.
Each investment has a useful life of 5 years. Relevant data on each project are as follows.
Project Mary Project Winnie Project Sarah
Capital investment $140,000 $175,000 $190,000
Annual net income:
Year 1 10,000 12,500 19,000
2 10,000 12,000 16,000
3 10,000 11,000 14,000
4 10,000 8,000 9,000
5 10,000 6,000 8,000
Total 50,000 49,500 66,000
Depreciation is computed by the straight-line method with no salvage value. The
company's cost of capital is 12%. (Assume that cash flows occur evenly throughout
the year.)
Instructions
(a) Compute the cash payback period for each project. (Round to two decimals.)
(b) Compute the net present value for each project. (Round to nearest dollar.)
(c ) Compute the annual rate of return for each project. (Round to two decimals.)
(Hint: Use average annual net income in your computation.)
(d) Rank the projects on each of the foregoing bases. Which project do you recommend?
NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?" .
(a) Project Mary
Net income Value Investment Value
Depreciation Value Annual net cash flows Value
Annual net cash flows Value Payback period Value
Project Winnie
Net Annual Cumulative
Year Cash Flow Net Cash Flow
1 Value Value
2 Value Value
3 Value Value
4 Value Value
5 Value Value
Project Sarah
Net Annual Cumulative
Year Cash Flow Net Cash Flow
1 Value Value
2 Value Value
3 Value Value
4 Value Value
5 Value Value
(b) Project Mary Present
Item Amount Years PV Factor Value
Net annual cash flows Value 1-5 3.60478 ?
Capital investment Value
Negative net present value ?
Project Winnie Project Sarah
Discount Cash Present Cash Present
Year Factor Flow Value Flow Value
1 0.89286 Value ? Value ?
2 0.79719 Value ? Value ?
3 0.71178 Value ? Value ?
4 0.63552 Value ? Value ?
5 0.56743 Value ? Value ?
Total Value ? Value ?
Capital Investment Value Value
Net present value ? ?
(c) Project Mary Project Winnie Project Sarah
Total net income Value Value Value
Useful life 5 years 5 years 5 years
Average annual net income ? ? ?
Original Investment Value Value Value
Value at end of useful life Value Value Value
Average investment ? ? ?
Average annual net income Value Value Value
Average investment Value Value Value
Annual rate of return ? ? ?
Net Annual
(d) Project Cash Payback Present Value Rate of Return
Mary Value Value Value
Winnie Value Value Value
Sarah Value Value Value
After you have completed the requirements of P26-5B, consider the additional question.
1. Assume that the investment amount of Project Winnie changed to $180,000.
Recalculate the payback period, net present value and annual return on Project Winnie.
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