Green Chips is a manufacturer of prototype chips based in Dublin, Ireland. Next year, in 2018, Green Chips expects to deliver 525 prototype chips at an average price of $100,000. Green Chips' marketing vice president forecasts growth of 55 prototype chips per year through 2024. That is, demand will be 525 in 2018, 580 in 2019, 635 in 2020, and so on. A (Click the icon to view additional information.) E (Click the icon to view the data on the two options available and additional information.) Present Value of $1 table Present Value of Annuity of $1 table Future Value of $1 table Future Value of Annuity of $1 table Read the requirements. C. Requirement 1. Calculate the cash inflows and outflows of the modernize and replace alternatives over the 2018 - 2024 period. First, determine the cash inflows and outflows of the modernize alternative over the 2018 to 2024 period. (Use a minus sign or parentheses for a cash outflows. If a box is not used in the table, leave that box empty, do not enter a zero.) Units Net cash Initial Proceeds from Year sold contributions investments sale of equipment Jan 1, 2018 Dec 31, 2018 Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Next, determine the cash inflows and outflows of the replace alternative over the 2018 to 2024 period. (Use a minus sign or parentheses for a cash outflows. If a box is not used in the table, leave that box empty, do not enter a zero.) Units Initial Net cash contributions Proceeds from sale of equipment Year sold investments Jan 1, 2018 Dec 31, 2018 Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Requirement 2. Calculate payback period for the modernize and replace alternatives. (Round your answers to two decimal places.) The payback period in years, for the investment assuming the modernize alternative is li The payback period in years, for the investment assuming the replace alternative is " ... .. "vr: " Calculate the net present value of the modernize alternative. (Enter the factors to three decimal places, X.XXX, and then round all currency amounts to the nearest whole dollar.) Net Cash Present Value PV factor Inflow of Cash Flows Net initial investment Dec 31, 2018 , Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 = Net present value Calculate the net present value of the replace alternative. (Enter the factors to three decimal places, X.XXX, and then round all currency amounts to the nearest whole dollar.) Present Value Net cash inflow PV factor of Cash Flows Net initial investment Dec 31, 2018 = Dec 31, 2019 = Dec 31, 2020 X = = Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 , Dec 31, 2024 = x Net present value Requirement 4. What factors should Green Chips consider in choosing between the alternatives? Using the payback period, the alternative is preferred to the Valternative. Using the NPV method, the alternative is preferred as it is then the alternative. Nonfinancial qualitative factors considered. - X More info Data table The plant cannot produce more than 510 prototype chips annually. To meet future demand, Green Chips must either modernize the plant or replace it. The old equipment is fully depreciated and can be sold for $4,700,000 if the plant is replaced. If the plant is modernized, the costs to modernize it are to be capitalized and depreciated over the useful life of the updated plant. The old equipment is retained as part of the modernize alternative. The following data on the two options are available: Modernize Replace Initial investment in 2018 $ 36,100,000 $ 66,100.000 Terminal disposal value in 2024 $ 6,200,000 $ 15,000,000 Useful life 7 years 7 years Total annual cash operating cost per prototype chip $ 80,000 $ 66,000 Green Chips uses straight-line depreciation, assuming zero terminal disposal value. For simplicity, we assume no change in prices or costs in future years. The investment will be made at the beginning of 2018, and all transactions thereafter occur on the last day of the year. Green Chips' required rate of return is 8%. There is no difference between the modernize and replace alternatives in terms of required working capital. Green Chips has a special waiver on income taxes until 2024. Print Done 1 Print Done - X Reference 0.847 Present Value of $1 Periods 2% 4% Period 1 0.980 0.962 Period 2 0.961 0.925 Period 3 0.942 0.889 Period 4 0.924 0.855 Period 5 0.906 0.822 Period 6 0.888 0.790 Period 7 0.871 0.760 Period 8 0.853 0.731 Period 9 0.837 0.703 Period 10 0.820 0.676 Period 11 0.804 0.650 Period 12 0.788 0.625 Period 13 0.773 0.601 Period 14 0.758 0.577 Period 15 0.743 0.555 Period 16 0.728 0.534 Period 17 0.714 0.513 Period 18 0.700 0.494 Period 19 0.686 0.475 Period 20 0.673 0.456 Period 21 0.660 0.439 Period 22 0.647 0.422 Period 23 0.634 0.406 Period 24 0.622 0.390 Period 25 0.610 0.375 Period 26 0.598 0.361 Period 27 0.586 0.347 Period 28 0.574 0.333 Period 29 0.563 0.321 Period 30 0.552 0.308 Period 35 0.500 0.253 Period 40 0.453 0.208 6% 0.943 0.890 0.840 0.792 0.747 0.705 0.665 0.627 COM 0.592 a 0.558 22 0.527 0.497 0.469 43 0.442 0447 0.417 0.394 204 272 0.371 0.350 224 0.331 0.312 0.294 0.278 0.262 W.202 0.247 0.233 1.22 0.220 0.207 0.196 0.185 0.174 0.130 0.097 8% 10% 12% 14% 16% 18% 20% 22% 24% 26% 28% 30% 32% 40% Periods 0.926 0.909 0.893 0.877 0.862 0.833 0.820 0.806 0.794 0.781 0.769 0.758 0.714 Period 1 0.857 0.826 0.797 0.769 0.743 0.718 0.694 0.672 0.650 0.630 0.610 0.592 0.574 0.510 Period 2 0.794 0.751 0.712 0.675 0.641 0.609 0.579 0.551 0.524 0.500 0.477 0.455 0.435 0.364 Period 3 0.735 0.683 0.636 0.592 0.552 0.516 0.482 0.451 0.423 0.397 0.373 0.350 0.329 0.260 Period 4 0.681 0.621 0.567 0.519 0.476 0.437 0.402 0.370 0.341 0.315 0.291 0.269 0.250 0.186 Period 5 0.630 0.564 0.507 0.456 0.410 0.370 0.335 0.303 0.275 0.250 0.227 0.207 0.189 0.133 Period 6 0.583 0.513 0.452 0.400 0.354 0.314 0.279 0.249 0.222 0.198 0.178 0.159 ar 112 0.143 0.095 Period 7 22 0.467 0.540 0.404 0.351 0.266 108 0.305 con 0.179 0.233 0.204 0.157 0.139 0.123 0.108 0.068 Period 8 0407 0.424 0.500 0.361 0.308 104 0.263 0.225 0.194 0.144 00 0.167 0.125 0.108 0.094 01404 0.082 227 0.386 0.048 Period 9 40 0.463 0.322 0.270 0.227 100 0.191 end 0.162 0.137 0.116 0.099 0.085 0.073 0.429 0.062 0.035 Period 10 0.350 4 0.287 04 0.195 00 0.135 0.237 202 0.162 240 0.112 0.094 Durid 0.079 0.066 0.056 0.047 4422 0.397 0.025 Period 11 20g 0.319 0.257 0.208 0.168 0.137 000 0.092 0.076 aco 200 0.112 *** 0.062 0.052 0.043 0.036 0.018 Period 12 0780 0.368 0.290 0.229 0.182 0.145 0.116 002 0.093 0.075 0.061 240 40 0.050 0.040 0.033 206 0.027 0.013 Period 13 0.340 0.263 0.205 0.160 0.125 0.099 070 0.078 0.062 0.049 04 0.039 0.032 0.025 ona Dorid 0.021 215 0.009 Period 14 0.315 0.239 0.183 140 0.140 0.108 0.084 0.065 0.051 0.040 0024 0.031 0.025 0.020 0.016 0.006 Period 15 0.292 0.218 0.163 0 123 0.093 0.071 400 22 0.054 0.042 0.032 0.025 0.0190.015 0.012 0.005 Period 16 0.270 0.198 0.146 0.108 ar 0.080 0.060 0.045 0.034 0.026 0.020 0.015 0.012 0.0090.003 Period 17 0.250 0.180 0.130 0.095 0.069 0.051 0.038 0.028 0.021 0.016 0.012 0.009 0.007 0.002 Period 18 0.232 0.164 0.116 0.083 0.060 0.043 0216 0.031 0.023 0.017 0.012 0.009 0.007 0.005 0.002 Period 19 0.215 0.149 0.104 0.073 0.051 0.037 0.026 0.019 0.014 0.010 0.007 0.005 0.004 0.001 Period 20 0.199 0.135 0.093 0.064 0.044 0.031 0.022 0.015 0.011 0.008 0.006 0.004 0.003 0.001 Period 21 0.184 104 0.123 0.083 0.056 0.038 0.026 0.018 0.013 0.009 030 0.006 0.004 0.003 0.002 0.001 Period 22 0.170 0.112 0.074 0.049 0.033 0.022 0.015 0.010 0.007 0.002 0.005 0.003 0.002 2015 0.000 Period 23 0.158 0.102 0.066 0.043 002 0.028 0.019 0.013 0.008 0.006 03 0.000 0.004 0.003 0.002 0.001 0.000 Period 24 0.146 0.092 0.059 0.038 0.024 0.016 0.010 0.007 0.005 0.003 0.002 0.001 0.001 0.000 Period 25 .! 0.135 0.084 0.053 0.033 0.021 0.014 0.009 0.006 0.004 0.002 0.002 0.001 0.001 0.000 Period 26 0.125 0.076 0.047 0.029 0.018 0.011 0.007 0.005 0.003 0.002 0.001 0.001 0.001 0.000 Period 27 0.116 0.069 0.042 0.026 0.016 0.006 0.004 0.002 0.002 0.001 0.001 0.000 0.000 Period 28 0.107 0.063 0.037 0.022 0.014 0.008 0.005 0.003 0.002 0.001 0.001 0.000 0.000 0.000 Period 29 0.099 0.057 0.033 0.020 0.012 0.004 0.003 0.002 0.001 0.001 0.000 0.000 0.000 Period 30 0.068 0.036 0.019 0.006 0.003 0.002 0.001 0.001 0.000 0.000 0.000 0.000 Period 35 0.046 0.022 0.011 0.003 0.001 0.001 0.000 0.000 0.000 0.000 0.000 0.000 0.000 Period 40 0.010 0.007 0.000 0.010 0.005 Print Done Reference 28% 0.781 1.392 1.868 2.241 2.532 2.759 2004 2.937 2201 3.076 3.184 Present Value of Annuity of $1.00 in Arrears* Periods 2% 4% 6% 8% 10% 12% Period 1 0.980 0.962 0.943 0.926 0.909 0.893 Period 2 1.942 1.886 1.833 1.783 1.736 1.690 Period 3 2.884 2.775 2.119 2.673 2.577 2.487 2.402 Period 4 3.808 3.630 be 3.465 3.170 3.312 212 200 Period 5 4.713 3.037 4.452 4.212 3.993 3.791 ber 3.605 Period 6 5.601 42 5.242 4.917 4.623 en 20 4.355 2 4.111 Period 7 6.472 6.002 5.582 5.206 4.868 1.009 4.564 1204 Period 8 7.325 6.733 6.210 5.747 5.335 4.968 Period 9 8.162 7.435 6.802 6.247 5.759 5.328 Period 10 8.983 8.111 7.360 6.710 6.145 5.650 Period 11 9.787 8.760 7.887 7.139 6.495 5.938 Period 12 10.575 9.385 0.304 8.384 7.536 6.814 6.194 Period 13 11.348 9.986 8.853 7.904 7.103 6.424 Period 14 12.106 10.563 9.295 8.244 7.367 6.628 Period 15 12.849 11.118 9.712 8.559 7.606 6.811 Period 16 13.578 11.652 10.106 8.851 7.824 6.974 Period 17 14.292 12.166 10.477 9.122 8.022 7.120 Period 18 14.992 12.659 10.828 9.372 8.201 7.250 Period 19 15.678 13.134 11.158 9.604 8.365 7.366 7366 Period 20 16.351 13.590 11.470 9.818 8.514 7.469 Period 21 17.011 14.029 11.764 10.017 8.649 7.562 Period 22 17.658 14.451 12.042 10.201 8.772 7.645 Period 23 18.292 14.857 12.303 10.371 8.883 7.718 Period 24 18.914 15.247 12.550 10.529 8.985 7.784 Period 25 19.523 15.622 12.783 10.675 9.077 2002 7.843 1.04 Period 26 20.121 15.983 13.003 10.810 9.161 7.896 Period 27 20.707 16.330 13.211 10.935 9.237 7.943 Period 28 21.281 16.663 13.406 11.051 9.307 7.984 Period 29 21.844 16.984 13.591 11.158 9.370 8.022 Period 30 22.396 17.292 13.765 11.258 9.427 8.055 Period 35 24.999 18.665 14.498 11.655 9.644 8. 176 Period 40 27.355 19.793 15.046 11.925 9.779 8.244 * Payments (or receipts) at the end of each period. 14% 16% 18% 20% 0.877 0.862 0.847 0.833 1.647 1.605 1.566 1.528 2.322 2.246 2.174 2.106 2.914 2.798 2.690 2.589 3.433 3.274 2.432 3.127 2.991 3.889 3.685 3.498 3.326 4.288 4.039 3.812 3.605 4.639 4.344 4.078 3.837 4.946 4.607 4.303 4.031 5.216 4.833 4.494 4.192 4.192 5.453 5.029 4.656 4.327 5.660 5.197 4.793 1.432 4.439 5.842 5.342 4.910 4.533 6.002 5.468 5.008 4.611 6.142 5.575 5.092 4.675 6.265 5.668 5.162 4.730 6372 6.373 5.749 5.222 4.775 6.467 5.818 5.273 4.812 6.550 5.877 5.316 4.843 6.623 5.9295.353 4.870 6.687 5.973 5.384 4.891 6.743 6.011 5.410 4.909 6.792 6.044 5.432 4.925 6.835 5.451 6.073 4.937 02 T 6.873 6.097 5.467 701 4.948 10 6.906 6.118 5.480 4.956 6.935 6.136 5.492 4.964 6.961 6.152 5.502 4.970 6.983 6.166 5.510 4.975 7.003 6.177 5.517 4.979 7.070 6.215 5.539 4.992 7.105 6.233 5.548 4.997 22% 0.820 1.492 2.042 2.494 2.864 3.167 3.416 2.10 3.619 3.786 3.923 4.035 4.127 4.12 4.203 4.265 1213 4.315 4.357 1.09 4.391 1419 4.419 4.442 4.460 4.476 4.488 4.499 4.507 4.514 4.520 4.524 4.528 4.531 4.534 4.541 4.544 24% 26% 0.806 0.794 1.457 1.424 1.981 1.923 2.404 2.320 2.745 2.635 3.020 2.885 3.242 2.444 3.083 3.421 3.241 3.566 3.366 3.682 3.465 3.776 3.543 3.851 3.606 3.912 3.656 3.962 3.695 4.001 3.726 4.033 3.751 4.059 3.771 4.080 3.786 4.097 3.799 4.110 3.808 4.121 3.816 4.130 3.822 4.137 3.827 4.143 3.831 4.147 3.834 2007 4.151 3.837 4.154 3.839 4.157 3.840 4.159 3.841 4.160 3.842 4.164 3.845 4.166 3.846 3.269 3.335 2.232 3.387 3.427 3.459 102 3.483 3.503 . 3.518 3.529 3.539 3.546 3.551 3.556 3.559 3.562 3.564 3.566 3.567 3.568 3.569 3.569 3.571 3.571 30% 0.769 1.361 1.816 2.166 2436 2.643 2.802 2.002 2.925 3.019 3.092 3.147 147 3.190 3.223 3.249 3.249 3.268 3.268 3.283 3295 3.295 3304 3.304 3.311 3.316 3.320 3.323 3.325 3.327 3.329 3.330 3.331 3.331 3.332 3.332 3.333 3.333 32% 0.758 1.331 1.766 2.096 2.345 2.534 2.677 491 2.786 2.868 2.930 2.978 3.013 2012 3.040 3.061 3,076 buro 3.088 ovo 3.097 3.104 3.109 3.113 3.116 3.118 3.120 3.121 3.122 3.123 3.123 3.124 3.124 3.124 3.125 3.125 40% Periods 0.714 Period 1 1.224 Period 2 1.589 Period 3 1.849 Period 4 2.035 Period 5 2.168 Period 6 2.263 Period 7 2.331 Period 8 2.379 Period 9 2.414 Period 10 2.438 Period 11 2.456 Period 12 2.469 Period 13 2.478 Period 14 2.484 Period 15 2.489 Period 16 2.492 Period 17 2.494 Period 18 2.496 Period 19 2.497 Period 20 2.498 Period 21 2.498 Period 22 2.499 Period 23 2.499 Period 24 2100 2.499 Period 25 5132 2.500 Period 26 2.500 Period 27 2.500 Period 28 2.500 Period 29 2.500 Period 30 2.500 Period 35 2.500 Period 40 - X Reference 10% 1.400 2.856 Compound Amount of $1.00 (The Future Value of $1.00) Periods 2% 4% 6% 8% 12% 14% 16% 18% 20% 22% 24% 26% 28% 30% 32% 40% Periods Period 1 1.020 1.040 1.060 1.080 1.100 1.120 1.140 1.160 1.180 1.200 1.220 1.240 1.260 1.280 1.300 1.320 Period 1 Period 2 1.040 1.082 1.124 1.166 1.210 1.254 1.300 1.346 1.392 1.440 1.488 1.538 1.588 1.638 1.690 1.742 1.960 Period 2 Period 3 1.061 1.125 1.191 1.260 1.331 1.405 1.482 1.561 1.643 1.728 1.816 1.907 2.000 2.097 2.197 2.300 2.744 Period 3 Period 4 1.082 1.170 1.262 1.360 1.464 1.574 1.689 1.811 1.939 2074 2.074 2.215 2.364 2.520 2.684 3.036 3812 3.842 Period 4 Period 5 1.104 1.217 1.338 1.469 1.611 1.762 1.925 2.100 2.288 2.488 2.703 2.932 3. 176 3.436 3.176 3.713 4.007 5378 5.378 Period 5 Period 6 1.126 1.265 1.419 1.587 1.772 1.974 2.195 2.436 2.700 2.986 3.297 3.635 4.002 4.398 4.827 5.290 7.530 Period 6 Period 7 1.149 1.316 1.504 1744 1.714 1.949 2211 2.502 3.185 3.583 A 60g 2.826 2.211 4.023 02 4.508 275 5.629 Do 6.275 6.983 10.541 5.042 Period 7 OF Period 8 1.172 1.369 200 cron 1.594 ono 1.851 2760 2.476 24 2.144 2.853 7300 22 3.278 4.300 3.759 5.590 4.908 1000 8.157 7.206 Dorindo 9.217 1 cod 100 6.353 14.758 or 20 1.689 Period 8 cor Period 9 1.195 1.423 1.999 2.358 2.773 3.803 5.160 3.252 4.435 or 5.987 CA Dorid 10240 8.005 760 6.931 200 or 2100 ore 12.166 20.661 9.223 2707 2.159 Period 10 1.219 1.480 Period 9 1.791 one 2.594 3.106 1970 3.707 16 4.411 8.594 6.192 5.234 Bora 7.305 10.086 Deriod 4 1512 120 13.786 20 E 16.060 1999 4 Period 11 1.243 1.539 2470 11.806 2428 0043 1206 2.853 1.898 3.479 28.925 2.332 Period 10 13700 4.226 11403 5.117 4400 7.430 Died 1998 40 od 6.176 10.657 17 000 8.912 12.708 2000 17.922 40.496 2200 21.199 004 15.112 2120 Period 12 1.268 1.601 2.012 040 2.518 Period 11 3.138 140 16020 5.936 3.896 4.818 7.288 8.916 12215 1600 10.872 13.215 10243 19.343 57003 22 200 To con 16.012 23.298 200 Dorida 27.983 2460 400 56.694 Period 13 1.294 1.665 oco 19361 5.492 2.133 2.720 Period 12 1 cod 3.452 4.363 6.886 30.500 8.599 10.699 20172 13.264 16.386 20.175 24.759 30.288 36.937 26 997 Period 13 79.371 Period 14 1.319 1.732 Period 13 10403 2.261 2.937 4.887 3.797 6.261 7.988 10.147 12.839 16.182 20.319 25.421 31.691 40 722 39.374 48.757 Az Deriod 1 111.120 Period 14 Period 15 1.346 1.801 2.397 3.172 4.177 5.474 7.138 9.266 11.974 15.407 19.742 25.196 32.030 30 40.565 51.186 64.359 155.568 Period 15 Period 16 1.373 1.873 2.540 3.426 4.595 6.130 8.137 10.748 14.129 18.488 19 180 24.086 31.243 40.358 84.954 400 Dec 66.542 51.923 217.795 2010 Period 16 Period 17 1.400 1.948 14 2.693 3.700 5.054 6.866 9.276 12.468 16.672 29.384 an 22.186 38.741 D. 50.851 66.461 86.504 112.139 304.913 Period 17 Period 18 1.428 2.026 2.854 3.996 5.560 7.690 10.575 14.463 19.673 26.623 Red 35.849 48.039 64.072 85.071 112.455 OS 148.024 426.879 Period 19 1.457 2.107 1727 12:24 Period 18 3.026 6.116 8.613 4.316 12.056 16.777 cocco Hoa 23.214 43.736 31.948 59.568 100: 2017 80.731 195.391 146.192 108.890 597.630 sic 101457 202 Period 20 1.486 2.191 Period 19 9.646 3.207 13.743 4.661 6.727 19.461 27.393 30 220 38.338 100 ca 1.000 53.358 73.864 101.721 139.380 190.050 non 257.916 836.683 Period 20 Period 21 1.516 2.279 3.400 5.034 7.400 10.804 15.668 22.574 20671 332 3370 32.324 46.005 424 65.096 91.592 128.169 178 178.406 247.065 340.449 1171.356 Period 21 Period 22 1.546 2.370 3.604 Trier 5.437 8.140 12.100 17.861 26.186 38.142 55.206 79.418 113.574 161.492 10:33 228.360 321.184 449.393 1639.898 Period 22 Period 23 1.577 2.465 3.820 5.871 8.954 13.552 20.362 30.376 45.008 66.247 96.889 140.831 203.480 292.300 417.539 593.199 2295.857 Period 23 Period 24 1.608 2563 4.049 6.341 9.850 15.179 23.212 35.236 53.109 79.497 118.205 174.631 256.385 374.144 542.801 783.023 3214.200 Period 24 Period 25 1.641 2.666 4.292 6.848 10.835 17.000 26.462 40.874 62.669 95.396 144.210 216 542 323.045 478.905 705.641 1033.590 4499.880 Period 25 Period 26 1.673 2.772 4.549 7.396 11.918 19.040 30.167 47.414 73.949 114.475 175.936 268.512 407.037 612.998 917.333 1364.339 6299.831 Period 26 Period 27 1.707 2.883 4.822 7.988 13.110 21.325 34.390 55.000 87.260 137.371 214.642 332.955 512.867 784.638 1192.533 1800.927 8819.764 Period 27 Period 28 1.741 2.999 5.112 8.627 14.421 23.884 39.204 63.800 102.967 164.845 261.864 412.864 646.212 1004.336 1550.293 2377.224 12347.670 Period 28 Period 29 1.776 3.119 5.418 9.317 15.863 26.750 44.693 74.009 121.501 197.814 319.474 511.952 814.228 1285.550 2015.381 3137.935 17286.737 Period 29 Period 30 1.811 3.243 5.743 10.063 17.449 29.960 50.950 85.850 143.371 237.376 389.758 634.820 1025.927 1645.505 2619.996 4142.075 24201.432 Period 30 Period 35 2.000 3.946 7.686 14.785 28.102 52.800 98.100 180.314 327.997 590.668 1053.402 1861.054 3258.135 5653.911 9727.860 16599.217 130161.112 Period 35 Period 40 2.208 4.801 10.286 21.725 45.259 93.051 188.884 378.721 750.378 1469.772 2847.038 5455.913 10347.175 19426.689 36118.865 66520.767 700037.697 Period 40 Reference Compound Amount of Annuity of $1.00 in Arrears* (Future Value of Annuity) Periods 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% 22% 24% 26% 28% 30% 32% 40% Periods Period 1 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 Period 1 Period 2 2.020 2.040 2.060 2.080 2.100 2.120 2.140 2.160 2.180 2.200 2.220 2.240 2.260 2.280 2.300 2.320 2.400 Period 2 Period 3 3.060 3.122 3.184 3.246 3.310 3.374 3.440 3.506 3.572 3.640 3.708 3.778 3.848 3.918 3.990 4.062 4.360 Period 3 Period 4 4.122 4.246 4.375 4.506 4.641 4.779 4.921 5.066 5.215 5.524 * 5.368 5.684 6.016 5.848 6.187 7:42 7.104 6.362 Period 5 5.204 5.416 5.637 5.867 6.105 Period 4 6.353 104 6.610 6.877 4 7.154 7.442 7.740 8.048 8.368 8.700 9.043 9.398 10.946 Period 5 Period 6 6.308 6.633 6.975 7.336 7.716 8.115 8.536 8.977 9.442 9.930 10.442 10.980 11.544 12.136 12.756 13.406 16.324 Period 6 Period 7 7.434 7.898 8.394 8.923 9.487 10.089 10.730 11.414 12.142 12.916 13.740 14.615 16.534 17.583 15.546 10 11 1901 18.696 23.853 Period 8 8.583 9.214 9.897 10.637 11.436 12.300 13.233 14.240 15.327 Period 7 11 16.499 17.762 19.123 20.588 22.163 22.163 23.858 25.678 34.395 Period 9 9.755 10.583 11.491 12.488 13.579 14.776 16.085 17.519 19.086 34.395 Period 8 20.799 22.670 22.079 24.712 26.940 20:340 29.369 32.015 32.015 34.895 49.153 Period 10 10.950 12.006 13.181 14.487 15.937 17.549 19.337 21.321 23.521 Period 9 1.13 28.657 Fenou 25.959 31.643 10:00 34.945 38.593 42.619 30.593 4:342 Period 11 12. 169 13.486 14.972 16.645 18.531 20.655 23.045 25.733 28.755 69.814 47.062 12.018 Period 10 03.014 32.150 35.962 40.238 2:202 45.031 Reog 10 50.398 56.405 10.600 98.739 63.122 Period 12 13.412 15.026 16.870 18.977 21.384 24.133 27.271 30.850 34.931 Period 11 39.581 44.874 00 57.739 Renou 65.510 50.895 20:30 *** 74.327 22 Period 13 14.680 16.627 18.882 21.495 24.523 28.029 32.089 36.786 42.21948.497 139.235 84.320 55.746 9:28 Period 12 64.110 73.751 1.241 *24 2.2. 0170 101 97.625 84.853 om 112.303 Period 14 15.974 18.292 21.015 24.215 27.975 32.393 37.581 43.672 50.818 195.929 Period 13 69.010 59.196 80.496 69.00 12:32 93.926 10 109.612 127.913 41464 149.240 e 100 Period 15 17.293 20.024 23.276 27.152 31.772 37.280 43.842 51.660 60.965 0004 OF 400 275.300 Period 14 124.912 20 85.192 100.815 72.035 2002 et 107.602 119.347 197.997 141.303 6 167.286 386.420 Period 15 Period 16 18.639 21.825 25.673 30.324 35.950 42.753 50.980 60.925 72.939 87.442 104.935 126.011 60 10 oco 151.377 181.868 .** 218.472 541.988 262.356 11.000 Period 17 20.012 23.698 28.213 33.750 40.545 48.884 59.118 71.673 87.068 105.931 Period 16 129.020 by 157.253 191.735 233.791 285.014 203.014 347.309 759.784 Period 17 Period 18 21.412 25.645 30.906 37.450 45.599 55.750 68.394 84.141 103.740 128.117 158.405 195.994 242.585 300.252 371.518 459.449 1064.697 Period 18 Period 19 22.841 27.671 33.760 41.446 51.159 63.440 78.969 98.603 123.414 154.740 194.254 244.033 306.658 385.323 483.973 607.472 1491.576 Period 19 Period 20 24.297 29.778 36.786 45.762 57.275 72.052 91.025 115.380 146.628 186.688 237.989 303.601 387.389 494.213 630.165 30.103 802.863 2089.206 Period 20 Period 21 25.783 31.969 39.993 50.423 64.002 81.699 104.768 134.841 174.021 225.026 291.347 377.465 489.110 633.593 820.215 1060.779 024.213 2925.889 Period 21 Period 22 27.299 34.248 43.392 55.457 71.403 92.503 120.436 157.415 206.345 271.031 356.443 0:42 469.056 617.278 811.999 1067.280 4097.245 Period 22 Period 23 28.845 36.618 46.996 60.893 79.543 104.603 138.297 183.601 244.487 326.237 435.861 582.630 778.771 1040.358 1388.464 1850.622 5737.142 Period 23 Period 24 30.422 39.083 50.816 66.765 88.497 118.155 158.659 213.978 289.494 392.484 532.750 27 723.461 982.251 1332.659 1806.003 2443.821 8032.999 Doriad En 955 Period 24 Period 25 32.030 41.646 54.865 73.106 98.347 133.334 181.871 249.214 342.603 471.981 650.955 24ure 4000 100.000.000 22:47 898.092 1238.636 1706.803 2348.803 OM 3226.844 11247.199 Period 25 Period 26 33.671 44.312 59.156 79.954 109.182 150.334 208.333 290.088 405.272 567.377 190 191 102 103 10.22 20.20 1114.634 795.165 142454 04 22.10 1561.682 2185.708 3054.444 4260.434 15747.079 Period 26 Period 27 35.344 47.084 63.706 87.351 121.100 169.374 238.499 337.502 479.221 681.853 1:2011! 971.102 1383.146 1968.719 2798.706 3971.778 5624.772 22046.910 Period 27 Period 28 37.051 49.968 68.528 95.339 134.210 190.699 272.889 392.503 566.481 819.223 1185.744 1716.101 2481.586 3583.344 5164.311 7425.699 30866.674 Period 28 Period 29 38.792 52.966 73.640 103.966 148.631 214.583 312.094 456.303 669.447 984.068 1447.608 2128.965 3127.798 4587.680 6714.604 9802.923 43214.343 Period 29 Period 30 40.568 56.085 79.058 113.283 164.494 241.333 356.787 530.312 790.948 1181.882 1767.081 2640.916 3942.026 5873.231 8729.985 12940.859 60501.081 Period 30 Period 35 49.994 73.652 111.435 172.317271.024 431.663 693.573 1120.7131816.652 2948.341 4783.645 7750.225 12527.442 20188.966 32422.868 51869.427 325400.279 Period 35 Period 40 60.402 95.026 154.762259.057 442.593 767.091 1342.0252360.7574163.213 7343.858 12936.535 22728.803 39792.982 69377.460 120392.883 207874.272 1750091.741 Period 40 * Payments (or receipts) at the end of each period. 1401.24