French Corporation wishes to hire Leslie as a consultant to design a comprehensive staff training program. The project is expected to take one year, and the parties have agreed to a tentative price of $60,000. French Corporation has proposed payment of one-half of the fee now, with the remainder paid in one year when the project is complete. Use Appendix A and Appendix B. Appendix A Present Value of $1 3% 5% 7% Periods 1 2 3 4 5 6 7 971 943 915 .888 .863 837 813 789 766 744 722 701 .681 .661 642 623 -605 587 570 554 9 10 11 12 13 14 15 16 17 18 19 20 962 925 889 855 822 .790 .760 .731 .703 676 650 .625 .601 577 555 534 513 .494 475 456 952 907 864 823 784 746 .711 677 645 614 585 557 530 505 481 458 6% 943 890 840 792 747 705 665 627 592 558 527 497 469 442 417 394 371 350 331 312 8% 926 857 .794 .735 681 630 583 540 500 463 429 397 368 340 315 292 270 250 232 215 9% 917 842 772 708 650 596 547 502 460 422 388 356 326 299 275 252 231 212 194 178 935 873 .816 763 713 666 623 582 544 508 475 444 415 388 362 339 317 296 277 258 1 14% 877 769 675 592 519 456 400 351 308 270 237 436 416 396 377 Periods 1 2 3 4 10% 909 826 751 683 621 554 513 467 424 386 350 319 290 263 239 218 198 BO 164 149 7 8 9 10 11 12 13 14 15 16 12 18 19 20 11% 901 812 .731 659 593 535 482 434 391 352 317 286 258 232 209 188 170 153 138 12% 893 797 712 636 567 507 452 404 351 322 287 257 229 205 183 163 146 1:30 116 104 13% 885 783 693 613 543 480 425 376 333 295 267 231 204 180 160 15% 870 756 658 572 497 432 376 327 284 247 215 187 163 141 123 107 093 081 070 061 20% 833 694 579 482 402 335 279 233 194 162 135 112 093 078 065 054 045 038 031 026 20B 125 113 6098 182 160 140 123 108 095 083 073 087 Appe Present Value of Annuity of $1 4% 3% 5% 6% Periods 7% 8% 9% 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 971 1.913 2.829 3.717 4.580 5.417 6.230 7,020 7.786 8.530 9.253 9.954 10.635 11.296 11.938 12.561 13.166 13.754 14.324 14.877 962 1.886 2.775 3.630 4.452 5.242 6.002 6.733 7.435 8.111 8.760 9.385 9.986 10.563 11.118 11.652 12.166 12 659 13.134 13.590 952 1.859 2.723 3.546 4329 5.076 5.786 6.463 7.108 7.722 8.306 8.863 9,394 9.899 10.380 10.838 11.274 11.690 12.085 12.462 943 1.833 2.673 3.465 4.212 4917 5582 6.210 6.802 7360 7.887 8.384 8.853 9.295 9.712 10.106 10.477 10.828 11.158 11.470 935 1 B08 2.624 3.387 4.100 4,767 5.389 5.971 6.515 7024 7.499 7.943 8.358 8.745 9. TOB 9.447 9.763 10.059 10.336 10.594 926 1.783 2577 3.312 3.993 4.623 5.206 5.747 6.247 6.710 7.139 7.536 7.904 8.244 8.559 8.851 9.122 9.372 9.604 9.18 917 1.759 2.531 3.240 3.890 4485 5033 5.535 5.995 6.418 6.805 7 161 7.487 7.786 8.061 8.313 8.544 8.756 8.950 9.129 Periods 11% 14% 15% 2044 1 2 3 4 5 6 7 B 9 10 10% 909 1.736 2.487 3. 170 3.791 4.355 4.868 5.335 5.759 5.145 6.495 5814 7.103 7.367 7506 7.824 8022 8.201 8.365 8.5.14 901 1.7.13 2.444 3.102 3696 4.231 4.712 5:146 5.537 5 889 6 207 6.492 6.750 6.982 7197 7379 7.549 7.702 7839 7.983 12% -893 1.590 2.402 3037 3 605 4.111 4564 4968 5328 5650 5.938 6.194 6.424 6628 6811 6.974 120 7250 7.356 11:459 13% 885 1.668 2.361 2.974 3517 3.998 4.423 4 799 5.132 5.426 5.687 5.918 6.122 6302 6.462 6:504 6.729 6840 6.938 5025 877 1647 2.322 2914 3.433 3.889 4.288 4.639 4946 5. 216 5.453 5.650 5.842 6002 6142 6.265 6.373 6.467 6.550 6623 B70 1626 2283 2855 3.352 3.784 4160 4.487 4.772 5019 5.234 5.421 5.593 5724 5847 5954 6,042 6.128 5.198 6.259 833 1.528 2.106 2.589 2.991 3.326 3.505 3.837 4.031 4.192 4.327 4.439 4.533 4.511 4675 4730 4.775 4812 12 13 14 15 16 17 18 19 20 4870 French Corporation expects its marginal tax rate to be 21 percent both years. Calculate the net present value of French's after-tax cost to enter into this contract using a 6 percent discount rate. (Cash outflows and negative amounts should be Indicated by a minus sign. Round discount factors to 3 decimal places. Round intermediate calculations and final answers to the nearest whole dollar amount.) Show less Amount Year 0: Cash paid Tax savings Net cash flow $ Year 1: Cash paid Tax savings Net cash flow Discount factor (6%) Present value of year 1 cash flow NPV $ 0