Fulton Township ls studying a 790-acre site for a new landfill The new site will save $79,000 In annual operating costs for 10 Fulton currently uses the landfill of a neighboring municipality. Other data are: Purchase price per acre: $595 Site preparation costs: $119,000 Hurdle rate: 4% Ignore income taxes. years, as FV of $1 at FV of an ordinary PV of $1a of an 48 1.040 1.082 1.125 1.170 1.217 1.265 1.316 1.369 1.423 1.480 annuity at 48 1.000 2.040 3.122 4.246 5.416 6.633 7.898 9.214 10.583 - 12.006 0.962 0.925 0.889 0.855 0.822 0.790 0.760 0.731 0.703 0.676 0.962 1.886 2.775 3.630 4.452 5.242 6.002 6.733 7.435 " 10 Required: A-1. Determine Net present value. A-2. Determine whether the landfill should be acquired. Next >