gurbani gulati | 12/10/21 4:28 AM Homework: Chap... C Question 2, 512-14 (simi... Part 2 of 3 HW Score: 6.67% 0.4 of 6 points Points: 0.4 of 1 Save The local Big Lion department store is considering investing in self-checkout kiosks for its customers. The self-checkout klosks will cost $45,000 and have no residual value. Management expects the equipment to result in net cash savings over three years as customers grow accustomed to using the new technology 516,000 the first year. $18,000 the second year, $24,000 the third year. The company has already determined that the net present value of the investment at a 12% discount rate is $722 What is the approximate internal rate of return (IRR) of the kiosk investment? ! (Click the icon to view the present value of an annuity table.) Click the icon to view the present value table.) (Click the icon to view the future value of an annuityltable.) (Click the icon to view the future value table.) Since the NPV at 12% is positive the IRR must be higher than 12% re Now calculate the NPV at 14%. (Round your answer to the nearest whole dollar. Use parentheses or a minus sign for a negative NPV.) The NPV iss ni ns anas Clear al Video Get more help Help me solve this Tale of return IRR) of the kiosk investment? Present value of annuity of $1 Present Value of Annuity of S1 6% 8% 10% 12% 14% Rd Periods 16% 1 0.943 0.926 0.909 0.893 0.877 0.862 pative NE 2 1.833 1.783 1.736 1.690 1.647 1.605 3 2.673 2.577 2.487 2.402 2.322 2246) 3.465 3.312 3.170 3.037 2 914 2.798 4 5 4.212 3.993 3.791 3.605 3.433 3.274 Print Done 0.4 of 1 considering investing in self-checkout kiosks for its customers. The self-checkout kiosks wi the equipment to result in net cash savings over three years as customers grow accustomer cond year, $24,000 the third year. The company has already determined that the net presen roximate internal rate of return (IRR) of the kiosk investment? Present value of $1 Present Value of S1 Period 6% 8% 10% 12% 14% 16% 1 0.943 0.926 ga 0.909 0.893 0.877 0.862 2 0.890 0.857 0.826 0.797 0.769 0.743 3 0.840 0.794 0.751 0.712 0.675 0.641 4 0.792 0.735 0.683 0.636 0.592 0.552 5 0.747 0.681 0.621 0.567 0.519 0.476 Print Done is considering investing in self-checkout kiosks for its customers. The self-checkout kiosks will Ets the equipment to result in net cash savings over three years as customers grow accustomed t second year, $24,000 the third year. The company has already determined that the net present v pproximate internal rate of return (IRR) of the kiosk investment? res -) utu Future value of annuity of $1 oud Period Future Value of Annuity of $1 6% 8% 10% 12% 14% 16% 1.000 1.000 1.000 1.000 1.000 1.000 1 pegativ 2 2.060 2.080 2.100 2.120 2.140 2.160 3 3.184 3.246 3.310 3.374 3.440 3.506 4 4.375 4.506 4.641 4.779 4.921 5.066 5 5.637 5.8676.105 6.353 6.610 6.877 C Print Done ds ers grow accusto nd year, $24,000 the third year. The company has already determined that the net pre ximate internal rate of return (IRR) of the kiosk investment? Future value of $1 1 X Future Value of $1 Period 6% 8% 10% 12% 14% 16% 1 1.060 1.080 1.100 1.120 1.140 1.160 2 1.124 1.166 1.210 1.254 1.300 1.346 3 1.191 1.260 1.331 1.405 1.482 1.561 4 1.262 1.360 1.464 1.574 1.689 1.811 5 1.338 1.469 1.611 1.762 1.925 2.100 Print Done