Home Express Moving Company is considering purchasing new equipment that costs $726,000. Its management estimates that the equipment will generate cash inflows as follows: Year 1 $216,000 216,000 3 254,000 4 254,000 5 150,000 2 Present value of $1: 6% 0.943 2 0.890 3 0.840 1 7% 0.935 0.873 0.816 8% 0.926 0.857 0.794 9% 0.917 0.842 0.772 10% 0.909 0.826 0.751 O A $850,976 OB. $876,000 OC. $874,000 OD. $853,384 Jenna would like to purchase a new car in three years. If she saves $1,400 per year in an account that pays 8% annual interest for the next 3 years, how much will she have saved for a down payment? (Round the final answer to the nearest dollar.) Values for i=8%, n=3 Present value of an ordinary annuity of $1 2.577 Present value of $1: .772 Future value of an ordinary annuity of $1 3.246 Future value of $1: 1.260 O A $5,008 OB. $3,608 OC. $5,281 OD. $4,544 Odeletta Corporation is considering an investment of $514,000 in a land development project. The investment will yield cash inflows of $214,000 per year for five years. The company uses a discount rate of 9%. What is the net present value of the investment? Present value of an ordinary annuity of $1: 10% 0.917 0.909 9% 1 2 8% 0.926 1.783 2.577 3.312 3.993 3 4 1.759 2.531 3.24 3.89 1.736 2 487 3.17 3.791 A. $339,240 OB. $318,460 OC. $214,000 OD. $236,440