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Greylag Laundromat is trying to enhance the services it provides to customers, mostly college students. It is looking into the purchase of new high-efficiency



 


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Greylag Laundromat is trying to enhance the services it provides to customers, mostly college students. It is looking into the purchase of new high-efficiency washing machines that will allow for the laundry's status to be checked via smartphone. Greylag estimates the cost of the new equipment at $203,000. The equipment has a useful life of 9 years. Greylag expects cash fixed costs of $77,000 per year to operate the new machines, as well as cash variable costs in the amount of 5% of revenues. Greylag evaluates investments using a cost of capital of 8%. 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. Requirement 1. Calculate the payback period and the discounted payback period for this investment, assuming Greylag expects to generate $165,000 in incremental revenues every year from the new machines. (Round your answer to two decimal places.) The payback period in years, for the investment assuming uniform net cash inflows is 1. Calculate the payback period and the discounted payback period for this investment, assuming Greylag expects to generate $165,000 in incremental revenues every year from the new machines. 2. Assume instead that Greylag expects an uneven stream of incremental cash revenues from installing the new washing machines. Based on this estimated revenue stream, what are the payback and discounted payback periods for the investment? A B C D E F G H J 1 Year Year 1 2 Projected Revenue Year 2 Year 3 Year 4 Year 5 $100,000 $110,000 $130,000 $110,000 $170,000 $190,000 $155,000 $125,000 $165,000 Year 6 Year 7 Year 8 Year 9 Present Value of $1 Periods 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% 22% 24% 26% 28% 30% 32% 40% Period 1 0.98 0.962 0.943 0.926 0.909 0.893 0.877 0.862 0.847 0.833 0.82 0.806 0.794 0.781 0.769 0.758 Periods 0.714 Period 1 Period 2 0.961 0.925 0.89 0.857 0.826 0.797 0.769 0.743 0.718 0.694 0.672 0.65 0.63 0.61 0.592 0.574 0.51 Period 2 Period 3 0.942 0.889 0.84 0.794 0.751 0.712 0.675 0.641 0.609 0.579 0.551 0.524 0.5 0.477 0.455 0.435 0.364 Period 3 Period 4 0.924 0.855 0.792 0.735 0.683 0.636 0.592 0.552 0.516 0.482 0.451 0.423 0.397 0.373 0.35 0.329 0.26 Period 4 Period 5 0.906 0.822 0.747 0.681 0.621 0.567 0.519 0.476 0.437 0.402 0.37 0.341 0.315 0.291 0.269 0.25 0.186 Period 5 Period 6 0.888 0.79 0.705 0.63 0.564 0.507 0.456 0.41 0.37 0.335 0.303 0.275 0.25 0.227 0.207 0.189 0.133 Period 6 Period 7 0.871 0.76 0.665 0.583 0.513 0.452 0.4 0.354 0.314 0.279 0.249 0.222 0.198 0.178 0.159 0.143 0.095 Period 7 Period 8 0.853 0.731 0.627 0.54 0.467 0.404 0.351 0.305 0.266 0.233 0.204 0.179 0.157 0.139 0.123 0.108 0.068 Period 8 Period 9 0.837 0.703 0.592 0.5 0.424 0.361 0.308 0.263 0.225 0.194 0.167 0.144 0.125 0.108 0.094 0.082 0.048 Period 9 Period 10 0.82 0.676 0.558 0.463 0.386 0.322 0.27 0.227 0.191 0.162 0.137 0.116 0.099 0.085 0.073 0.062 0.035 Period 10 Period 11 0.804 0.65 0.527 0.429 0.35 0.287 0.237 0.195 0.162 0.135 0.112 0.094 0.079 0.066 0.056 0.047 0.025 Period 11 Period 12 0.788 0.625 0.497 0.397 0.319 0.257 0.208 0.168 0.137 0.112 0.092 0.076 0.062 0.052 0.043 0.036 0.018 Period 12 Period 13 0.773 0.601 0.469 0.368 0.29 0.229 0.182 0.145 0.116 0.093 0.075 0.061 0.05 0.04 0.033 0.027 0.013 Period 13 Period 14 0.758 0.577 0.442 0.34 0.263 0.205 0.16 0.125 0.099 0.078 0.062 0.049 0.039 0.032 0.025 0.021 0.009 Period 14 Period 15 0.743 0.555 0.417 0.315 0.239 0.183 0.14 0.108 0.084 0.065 0.051 0.04 0.031 0.025 0.02 0.016 0.006 Period 15 Period 16 0.728 0.534 0.394 0.292 0.218 0.163 0.123 0.093 0.071 0.054 0.042 0.032 0.025 0.019 0.015 0.012 0.005 Period 16 Period 17 0.714 0.513 0.371 0.27 0.198 0.146 0.108 0.08 0.06 0.045 0.034 0.026 0.02 0.015 0.012 0.009 0.003 Period 17 Period 18 0.7 0.494 0.35 0.25 0.18 0.13 0.095 0.069 0.051 0.038 0.028 0.021 0.016 0.012 0.009 0.007 0.002 Period 18 Period 19 0.686 0.475 0.331 0.232 0.164 0.116 0.083 0.06 0.043 0.031 0.023 0.017 0.012 0.009 0.007 0.005 0.002 Period 19 Period 20 0.673 0.456 0.312 0.215 0.149 0.104 0.073 0.051 0.037 0.026 0.019 0.014 0.01 0.007 0.005 0.004 0.001 Period 20 Period 21 0.66 0.439 0.294 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 Period 22 0.647 0.422 0.278 0.184 0.123 0.083 0.056 0.038 0.026 0.018 0.013 0.009 0.006 0.004 0.003 0.002 0.001 Period 22 Period 23 0.634 0.406 0.262 0.17 0.112 0.074 0.049 0.033 0.022 0.015 0.01 0.007 0.005 0.003 0.002 0.002 0 Period 23 Period 24 0.622 0.39 0.247 0.158 0.102 0.066 0.043 0.028 0.019 0.013 0.008 0.006 0.004 0.003 0.002 0.001 O Period 24 Period 25 0.61 0.375 0.233 0.146 0.092 0.059 0.038 0.024 0.016 0.01 0.007 0.005 0.003 0.002 0.001 0.001 0 Period 25 Period 26 0.598 0.361 0.22 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 Period 26 Period 27 0.586 0.347 0.207 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 Period 27 Period 28 0.574 0.333 0.196 0.116 0.069 0.042 0.026 0.016 0.01 0.006 0.004 0.002 0.002 0.001 0.001 Period 29 0.563 0.321 0.185 0.107 0.063 0.037 0.022 0.014 0.008 0.005 0.003 0.002 0.001 0.001 0 Period 30 0.552 0.308 0.174 0.099 0.057 0.033 0.02 0.012 0.007 0.004 0.003 0.002 0.001 0.001 0 Period 35 0.5 0.253 0.13 0.068 0.036 0.019 0.01 0.006 0.003 0.002 0.001 0.001 0 0 0 000 O 0 Period 28 O Period 29 O Period 30 0 O Period 35 Period 40 0.453 0.208 0.097 0.046 0.022 0.011 0.005 0.003 0.001 0.001 0 0 0 0 0 0 O Period 40 Present Value of Annuity of $1.00 in Arrears* Periods 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% 22% 24% 26% 28% 30% 32% 40% Periods Period 1 0.98 0.962 0.943 0.926 0.909 0.893 0.877 0.862 0.847 0.833 0.82 0.806 0.794 0.781 0.769 0.758 0.714 Period 1 Period 2 1.942 1.886 1.833 1.783 1.736 1.69 1.647 1.605 1.566 1.528 1.492 1.457 1.424 1.392 1.361 1.331 1.224 Period 2 Period 3 2.884 2.775 2.673 2.577 2.487 2.402 2.322 2.246 2.174 2.106 2.042 1.981 1.923 1.868 1.816 1.766 1.589 Period 3 Period 4 3.808 3.63 3.465 3.312 3.17 3.037 2.914 2.798 2.69 2.589 2.494 2.404 2.32 2.241 2.166 2.096 1.849 Period 4 Period 5 4.713 4.452 4.212 3.993 3.791 3.605 3.433 3.274 3.127 2.991 2.864 2.745 2.635 2.532 2.436 2.345 2.035 Period 5 Period 6 5.601 5.242 4.917 4.623 4.355 4.111 3.889 3.685 3.498 3.326 3.167 3.02 2.885 2.759 2.643 2.534 2.168 Period 6 Period 7 6.472 6.002 5.582 5.206 4.868 4.564 4.288 4.039 3.812 3.605 3.416 3.242 3.083 2.937 2.802 2.677 2.263 Period 7 Period 8 7.325 6.733 6.21 5.747 5.335 4.968 4.639 4.344 4.078 3.837 3.619 3.421 3.241 3.076 2.925 2.786 2.331 Period 8 Period 9 8.162 7.435 6.802 6.247 5.759 5.328 4.946 4.607 4.303 4.031 3.786 3.566 3.366 3.184 3.019 2.868 2.379 Period 9 Period 10 8.983 8.111 7.36 6.71 6.145 5.65 5.216 4.833 4.494 4.192 3.923 3.682 3.465 3.269 3.092 2.93 2.414 Period 10 Period 11 9.787 8.76 7.887 7.139 6.495 5.938 5.453 5.029 4.656 4.327 4.035 3.776 3.543 3.335 3.147 2.978 2.438 Period 11 Period 12 10.575 9.385 8.384 7.536 6.814 6.194 5.66 5.197 4.793 4.439 4.127 3.851 3.606 3.387 3.19 3.013 2.456 Period 12 Period 13 11.348 9.986 8.853 7.904 7.103 6.424 5.842 5.342 4.91 4.533 4.203 3.912 3.656 3.427 3.223 3.04 2.469 Period 13 Period 14 12.106 10.563 9.295 8.244 7.367 6.628 6.002 5.468 5.008 4.611 4.265 3.962 3.695 3.459 3.249 3.061 2.478 Period 14 Period 15 12.849 11.118 9.712 8.559 7.606 6.811 6.142 5.575 5.092 4.675 4.315 4.001 3.726 3.483 3.268 3.076 2.484 Period 15 Period 16 13.578 11.652 10.106 8.851 7.824 6.974 6.265 5.668 5.162 4.73 4.357 4.033 3.751 3.503 3.283 3.088 2.489 Period 16 Period 17 14.292 12.166 10.477 9.122 8.022 7.12 6.373 5.749 5.222 4.775 4.391 4.059 3.771 3.518 3.295 3.097 2.492 Period 17 Period 18 14.992 12.659 10.828 9.372 8.201 7.25 6.467 5.818 5.273 4.812 4.419 4.08 3.786 3.529 3.304 3.104 2.494 Period 18 Period 19 15.678 13.134 11.158 9.604 8.365 7.366 6.55 5.877 5.316 4.843 4.442 4.097 3.799 3.539 3.311 3.109 2.496 Period 19 Period 20 16.351 13.59 11.47 9.818 8.514 7.469 6.623 5.929 5.353 4.87 4.46 4.11 3.808 3.546 3.316 3.113 2.497 Period 20 Period 21 17.011 14.029 11.764 10.017 8.649 7.562 6.687 5.973 5.384 4.891 4.476 4.121 3.816 3.551 3.32 3.116 2.498 Period 21 Period 22 17.658 14.451 12.042 10.201 8.772 7.645 6.743 6.011 5.41 4.909 4.488 4.13 3.822 3.556 3.323 3.118 2.498 Period 22 Period 23 18.292 14.857 12.303 10.371 8.883 7.718 6.792 6.044 5.432 4.925 4.499 4.137 3.827 3.559 3.325 3.12 2.499 Period 23 Period 24 18.914 15.247 12.55 10.529 8.985 7.784 6.835 6.073 5.451 4.937 4.507 4.143 3.831 3.562 3.327 3.121 2.499 Period 24 Period 25 19.523 15.622 12.783 10.675 9.077 7.843 6.873 6.097 5.467 4.948 4.514 4.147 3.834 3.564 3.329 3.122 2.499 Period 25 Period 26 20.121 15.983 13.003 10.81 9.161 7.896 6.906 6.118 5.48 4.956 4.52 4.151 3.837 3.566 3.33 3.123 2.5 Period 26 Period 27 20.707 16.33 13.211 10.935 9.237 7.943 6.935 6.136 5.492 4.964 4.524 4.154 3.839 3.567 3.331 3.123 2.5 Period 27 Period 28 21.281 16.663 13.406 11.051 9.307 7.984 6.961 6.152 5.502 4.97 4.528 4.157 3.84 3.568 3.331 3.124 2.5 Period 28 Period 29 21.844 16.984 13.591 11.158 9.37 8.022 6.983 6.166 5.51 4.975 4.531 4.159 3.841 3.569 3.332 3.124 2.5 Period 29 Period 30 22.396 17.292 13.765 11.258 9.427 8.055 7.003 6.177 5.517 4.979 4.534 4.16 3.842 3.569 3.332 3.124 2.5 Period 30 Period 35 24.999 18.665 14.498 11.655 9.644 8.176 7.07 6.215 5.539 4.992 4.541 4.164 3.845 3.571 3.333 3.125 2.5 Period 35 Period 40 27.355 19.793 15.046 11.925 9.779 8.244 7.105 6.233 5.548 4.997 4.544 4.166 3.846 3.571 3.333 3.125 2.5 Period 40 * Payments (or receipts) at the end of each period. Compound Amount of $1.00 (The Future Value of $1.00) Periods 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% 22% 24% 26% 28% 30% 32% 40% Periods Period 1 1.02 1.04 1.06 1.08 1.1 1.12 1.14 1.16 1.18 1.2 1.22 1.24 1.26 1.28 1.3 1.32 1.4 Period 1 Period 2 1.04 1.082 1.124 1.166 1.21 1.254 1.3 1.346 1.392 1.44 1.488 1.538 1.588 1.638 1.69 1.742 1.96 Period 2 Period 3 1.061 1.125 1.191 1.26 1.331 1.405 1.482 1.561 1.643 1.728 1.816 1.907 2 2.097 2.197 2.3 2.744 Period 3 Period 4 1.082 1.17 1.262 1.36 1.464 1.574 1.689 1.811 1.939 2.074 2.215 2.364 2.52 2.684 2.856 3.036 3.842 Period 4 Period 5 1.104 1.217 1.338 1.469 1.611 1.762 1.925 2.1 2.288 2.488 2.703 2.932 3.176 3.436 3.713 4.007 5.378 Period 5 Period 6 1.126 1.265 1.419 1.587 1.772 1.974 2.195 2.436 2.7 2.986 3.297 3.635 4.002 4.398 4.827 5.29 Period 7 1.149 1.316 1.504 1.714 1.949 2.211 2.502 2.826 3.185 3.583 4.023 4.508 5.042 5.629 6.275 6.983 7.53 Period 6 10.541 Period 7 Period 8 1.172 1.369 1.594 1.851 2.144 2.476 2.853 3.278 3.759 4.3 4.908 5.59 6.353 7.206 8.157 9.217 14.758 Period 8 Period 9 1.195 1.423 1.689 1.999 2.358 2.773 3.252 3.803 4.435 5.16 5.987 6.931 8.005 9.223 10.604 12.166 Period 10 1.219 1.48 1.791 2.159 2.594 3.106 3.707 4.411 5.234 6.192 7.305 8.594 10.086 11.806 13.786 16.06 20.661 Period 9 28.925 Period 10 Period 11 1.243 1.539 1.898 2.332 2.853 3.479 4.226 5.117 6.176 7.43 8.912 10.657 12.708 15.112 17.922 21.199 40.496 Period 11 Period 12 1.268 1.601 2.012 2.518 3.138 3.896 4.818 5.936 7.288 8.916 10.872 13.215 16.012 19.343 23.298 27.983 56.694 Period 12 Period 13 1.294 1.665 2.133 2.72 3.452 4.363 5.492 6.886 8.599 10.699 13.264 16.386 20.175 24.759 30.288 36.937 79.371 Period 13 Period 14 1.319 1.732 2.261 2.937 3.797 4.887 6.261 7.988 10.147 12.839 16.182 20.319 25.421 31.691 39.374 48.757 111.12 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 32.03 40.565 51.186 64.359 155.568 Period 15 Period 16 1.373 1.873 2.54 3.426 4.595 6.13 8.137 10.748 14.129 18.488 24.086 31.243 40.358 51.923 66.542 84.954 217.795 Period 16 Period 17 1.4 1.948 2.693 3.7 5.054 6.866 9.276 12.468 16.672 22.186 29.384 38.741 Period 18 1.428 2.026 2.854 3.996 5.56 7.69 10.575 14.463 19.673 26.623 35.849 48.039 Period 19 1.457 2.107 3.026 4.316 6.116 8.613 12.056 16.777 23.214 31.948 43.736 59.568 Period 20 1.486 2.191 3.207 4.661 6.727 9.646 13.743 19.461 27.393 38.338 53.358 Period 21 1.516 2.279 3.4 5.034 7.4 10.804 15.668 22.574 32.324 46.005 65.096 Period 22 1.546 2.37 3.604 5.437 8.14 Period 23 1.577 2.465 3.82 5.871 8.954 12.1 13.552 17.861 26.186 38.142 55.206 20.362 30.376 45.008 66.247 Period 24 1.608 2.563 4.049 6.341 Period 25 1.641 2.666 4.292 6.848 9.85 10.835 15.179 23.212 35.236 53.109 Period 26 1.673 2.772 4.549 7.396 11.918 Period 27 1.707 2.883 4.822 7.988 13.11 17 19.04 21.325 26.462 40.874 Period 28 1.741 2.999 5.112 8.627 14.421 23.884 30.167 34.39 39.204 Period 29 1.776 3.119 5.418 9.317 15.863 26.75 44.693 Period 30 1.811 3.243 5.743 10.063 17.449 29.96 Period 35 2 3.946 7.686 14.785 Period 40 2.208 4.801 10.286 21.725 28.102 45.259 52.8 93.051 50.95 98.1 188.884 47.414 55 63.8 74.009 85.85 180.314 378.721 112.139 85.071 112.455 148.024 108.89 146.192 195.391 73.864 101.721 139.38 190.05 257.916 91.592 128.169 178.406 247.065 340.449 79.418 113.574 161.492 228.36 321.184 449.393 96.889 140.831 203.48 292.3 417.539 593.199 79.497 118.205 174.631 256.385 374.144 542.801 783.023 62.669 95.396 144.21 216.542 323.045 478.905 705.641 1033.59 73.949 114.475 175.936 268.512 407.037 612.998 917.333 1364.339 87.26 137.371 214.642 332.955 512.867 784.638 1192.533 1800.927 102.967 164.845 261.864 412.864 646.212 1004.336 1550.293 2377.224 121.501 197.814 319.474 511.952 814.228 1285.55 2015.381 3137.935 143.371 237.376 389.758 634.82 1025.927 1645.505 2619.996 4142.075 327.997 590.668 1053.402 1861.054 3258.135 5653.911 9727.86 16599.22 50.851 66.461 86.504 64.072 80.731 304.913 Period 17 426.879 Period 18 597.63 Period 19 836.683 Period 20 1171.356 Period 21 1639.898 Period 22 2295.857 Period 23 3214.2 Period 24 4499.88 Period 25 6299.831 Period 26 8819.764 Period 27 12347.67 Period 28 17286.74 Period 29 24201.43 Period 30 130161.1 Period 35 750.378 1469.772 2847.038 5455.913 10347.18 19426.69 36118.87 66520.77 700037.7 Period 40 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 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 Period 1 Period 2 2.02 2.04 2.06 2.08 2.1 2.12 2.14 2.16 2.18 2.2 2.22 2.24 2.26 2.28 2.3 2.32 2.4 Period 2 Period 3 3.06 3.122 3.184 3.246 3.31 3.374 3.44 3.506 3.572 3.64 3.708 3.778 3.848 3.918 3.99 4.062 4.36 Period 3 Period 4 4.122 4.246 4.375 4.506 4.641 4.779 4.921 5.066 5.215 5.368 5.524 5.684 5.848 6.016 6.187 6.362 7.104 Period 4 Period 5 5.204 5.416 5.637 5.867 6.105 6.353 6.61 6.877 7.154 7.442 7.74 8.048 8.368 8.7 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 9.93 10.442 10.98 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 10.73 11.414 12.142 12.916 13.74 14.615 15.546 16.534 17.583 18.696 23.853 Period 7 Period 8 8.583 9.214 9.897 10.637 11.436 12.3 13.233 14.24 15.327 16.499 17.762 19.123 20.588 22.163 23.858 25.678 34.395 Period 8 Period 9 9.755 10.583 11.491 12.488 13.579 14.776 16.085 17.519 19.086 20.799 22.67 24.712 26.94 29.369 32.015 34.895 49.153 Period 9 Period 10 10.95 12.006 13.181 14.487 15.937 17.549 19.337 21.321 23.521 25.959 28.657 31.643 34.945 38.593 42.619 47.062 69.814 Period 10 Period 11 12.169 13.486 14.972 16.645 18.531 20.655 23.045 25.733 28.755 32.15 Period 12 13.412 15.026 16.87 18.977 21.384 24.133 27.271 30.85 34.931 39.581 Period 13 14.68 16.627 18.882 21.495 24.523 28.029 32.089 36.786 42.219 48.497 Period 14 15.974 18.292 21.015 24.215 27.975 32.393 37.581 43.672 50.818 59.196 Period 15 17.293 20.024 23.276 27.152 31.772 37.28 43.842 51.66 60.965 Period 16 18.639 21.825 25.673 30.324 35.95 42.753 50.98 Period 17 20.012 23.698 28.213 33.75 40.545 48.884 59.118 Period 18 21.412 25.645 30.906 37.45 45.599 55.75 Period 19 22.841 27.671 33.76 41.446 51.159 63.44 Period 20 24.297 29.778 36.786 45.762 57.275 72.052 Period 21 25.783 31.969 39.993 50.423 64.002 Period 22 27.299 34.248 43.392 55.457 Period 23 28.845 36.618 46.996 60.893 Period 24 30.422 39.083 50.816 66.765 Period 25 32.03 Period 26 33.671 Period 27 35.344 Period 28 37.051 Period 29 38.792 Period 30 40.568 Period 35 Period 40 49.994 60.402 73.106 79.954 87.351 95.339 73.64 103.966 56.085 79.058 113.283 73.652 111.435 172.317 95.026 154.762 259.057 * Payments (or receipts) at the end of each period. 41.646 54.865 44.312 59.156 47.084 63.706 49.968 68.528 52.966 63.122 65.51 74.327 84.32 64.11 73.751 84.853 97.625 112.303 69.01 80.496 93.926 109.612 127.913 149.24 72.035 85.192 100.815 119.347 141.303 167.286 197.997 60.925 72.939 87.442 104.935 126.011 151.377 181.868 218.472 262.356 71.673 87.068 105.931 129.02 157.253 191.735 347.309 68.394 84.141 103.74 128.117 158.405 195.994 242.585 300.252 459.449 78.969 98.603 123.414 154.74 194.254 244.033 306.658 385.323 483.973 607.472 91.025 115.38 146.628 186.688 237.989 303.601 387.389 494.213 630.165 802.863 81.699 104.768 134.841 174.021 225.026 291.347 377.465 489.11 633.593 820.215 1060.779 71.403 92.503 120.436 157.415 206.345 271.031 356.443 469.056 617.278 811.999 1067.28 1401.229 79.543 104.603 138.297 183.601 244.487 326.237 435.861 582.63 778.771 1040.358 1388.464 1850.622 88.497 118.155 158.659 213.978 289.494 392.484 532.75 723.461 982.251 1332.659 1806.003 2443.821 98.347 133.334 181.871 249.214 342.603 471.981 650.955 898.092 1238.636 1706.803 2348.803 3226.844 109.182 150.334 208.333 290.088 405.272 567.377 795.165 1114.634 1561.682 2185.708 3054.444 4260.434 121.1 169.374 238.499 337.502 479.221 681.853 971.102 1383.146 1968.719 2798.706 3971.778 5624.772 134.21 190.699 272.889 392.503 566.481 819.223 1185.744 1716.101 2481.586 3583.344 5164.311 7425.699 148.631 214.583 312.094 456.303 669.447 984.068 1447.608 2128.965 3127.798 4587.68 6714.604 9802.923 164.494 241.333 356.787 530.312 790.948 1181.882 1767.081 2640.916 3942.026 5873.231 8729.985 12940.86 271.024 431.663 693.573 1120.713 1816.652 2948.341 4783.645 7750.225 12527.44 20188.97 32422.87 51869.43 442.593 767.091 1342.025 2360.757 4163.213 7343.858 12936.54 22728.8 39792.98 69377.46 120392.9 207874.3 35.962 40.238 45.031 50.398 56.405 44.874 50.895 57.739 55.746 233.791 285.014 98.739 Period 11 139.235 Period 12 195.929 Period 13 275.3 Period 14 386.42 Period 15 541.988 Period 16 759.784 Period 17 371.518 1064.697 Period 18 1491.576 Period 19 2089.206 Period 20 2925.889 Period 21 4097.245 Period 22 5737.142 Period 23 8032.999 Period 24 11247.2 Period 25 15747.08 Period 26 22046.91 Period 27 30866.67 Period 28 43214.34 Period 29 60501.08 Period 30 325400.3 Period 35 1750092 Period 40

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