for the Discount factor, ROUND 3 DECIMAL PLACES!

Firm X has the opportunity to invest $342,000 in a new venture. The projected cash flows from the venture are as follows. Use Appendix A and Appendix B. Year 0 Year 1 Year 2 Year 3 Initial investment Revenues Expenses Return of investment Before-tax net cash flow (342,000) $52,800 52,800 52,800 (31,680 7,920) (7,920) (342,000) 21,120 $44,880 $386, 880 Firm X uses an 8 percent discount rate, and its marginal tax rate over the life of the venture will be 20 percent. a-1. Complete the below table to calculate NPV. Assume that the revenues are taxable income, and the expenses are deductible. a-2. Should firm X make the investment? b-1. Complete the below table to calculate NPV. Assume that the revenues are taxable income, but the expenses are nondeductible b-2. Should firm X make the investment? Complete this question by entering your answers in the tabs below Req A1 Req A2 Req B1 Req B2 Complete the below table to calculate NPV. Assume that the revenues are taxable income, and the expenses are deductible (Cash outflows and negative amount should be indicated by a minus sign. Round discount factor(s) to 3 decimal places, intermediate calculations and final answers to the nearest whole dollar amount.) Year 0 Year 1 Year 2 Year 3 $ (342,000) 386,880 77,376 Before-tax cash flow Tax cost Net cash flow Discount factor (8%) Present value NPV 21.120 4,224) 6,896S 44,880 (8.976) ( 35,904 309,504 $(342,000) Complete this question by entering your answers in the tabs below Req A1 Req A2 Req 81 Req B2 Complete the below table to calculate NPV. Assume that the revenues are taxable income, but the expenses are nondeductible. (Cash outflows and negative amount should be indicated by a minus sign. Round discount factor(s) to 3 decimal places, intermediate calculations and final answers to the nearest whole dollar amount.) Year 0 Year 1 Year 2 Year 3 (342,000) Before-tax cash flow Tax cost Net cash flow Discount factor (8%) Present value NPV 21.120 (10,560)S 10,560 S 386,880 (10,560(10,560) 34.320 376,320 44,880 S (342,000)