= Homework: Chapter 12 Question 4, E12-23A (Si.. Part 1 of 6 HW Score: 16.67%, 1 of 6 points O Points: 0 of 1 Save Clear Springs Equestrian Centre is evaluating investing in solar panels to provide some of the electrical needs of its stables. The solar panel project would cost $700.000 and would provide cost savings in its utility bills of $50,000 per year it is anticipated that the solar panels would have a life of 20 years and would have no residual value :: (Click the icon to view the present value factor table.) Future value of alinuity of $1 E: (Click the icon to view the present value annuity factor table.) E (Click the icon to view the future value factor table.) B (Click the icon to view the future value annuity factor table.) Requirements Period Future Value of Annuity of $1 6% 8% 10% 12% 1.000 1 000 1 000 1000 14% 1 000 1 + 2 2.060 2.080 2.100 2.120 2 140 3 3.184 3.246 3.310 3.374 3.440 Requirement 1. Calculate the payback period of the solar project in years Determine the formula, and then calculate the payback period (Round your answer to two decimal places.) 4 4.375 4.506 4641 4.779 4921 5 5.637 5.867 6.353 6.610 Payback period 6 105 7.716 6 6.975 7336 8.115 8 536 7 8.394 8.923 9 487 10.089 10.730 8 9.897 10.637 11 436 12 300 13 233 9 11 491 12 488 13.579 14.776 16.085 10 15 13.181 14 487 15.937 17.549 19,337 23.276 27.152 31 772 37 280 43.842 36.786 45 762 57 275 72052 91 025 54.865 73 106 73 106 98.347 133 330 181 870 20 25 Print Done I answer Video Help me solve this Get more help 10:04 08-12-2021 12C Haze dd) ENG O BI Type here to search Future value of $1 - X Present value of annuity of $1 - X Present value of $1 ctrical Spring ar pal Click Future Value of $1 Present Value of Annuity of $1 Present Value of $1 Click Period 6% 8% 10% 12% 14% Periods 6% 8% 10% 12% 14% Periods 6% 8% 10% 12% 14% Click 1 1060 1 080 1 100 1 120 1.140 1 0.943 0 926 0.909 0 893 0.877 0 1 2 1.124 1.166 1.210 1.254 1 300 Click 2 1.833 1.783 1.736 1 690 1.647 2 2 0 943 0 926 0.909 0.893 0877 0.890 0857 0.826 0.797 0.769 0.840 0.794 0.751 0.712 0 675 3 1.191 1.260 1.331 1.405 1.482 remer 3 2 673 2577 2.487 2402 2.322 3 4 1 262 1 360 1 464 1.574 1.689 4 3.465 3.312 3.170 3.037 2.914 4 0.792 0.735 0.683 0.636 0 592 0.747 0.6810621 0.567 0.519 5 1338 1.469 1.611 1.762 1925 5 4212 3.993 3.791 3605 3433 5 ireme: 6 1.419 1.587 1.772 1974 2 195 4.917 6 4.623 4.355 4.111 3 889 6 1.504 1 714 7 1 949 2211 2.502 mal pl 7 7 4 868 5.582 5 206 4.564 mine ti 4 288 0 705 0.630 0.564 0.507 0.456 0.665 0.583 0.513 0.452 0.400 0627 0.540 0.467 0.404 0 351 1.594 8 1.851 2.144 8 2 476 2 853 6.210 8 5335 5.747 4638 4 968 Payb g 1.689 2.358 9 1999 2.773 3.252 0.592 0.500 0.424 0.381 0.308 4 946 5.328 9 6.802 6 247 5.759 10 1.791 5 216 10 3.707 2.159 2594 0.558 0 463 0.386 0.322 0.270 3.106 5 650 7.360 6 710 10 6.145 15 0.417 0315 0.239 0.183 0.140 6.142 7 606 7.138 8.559 6 811 2.397 3.172 4.177 5 474 15 9712 15 7.469 6.623 8.514 20 0.312 0 215 0 149 0 104 0.073 3207 4 661 20 6728 13 743 9.646 20 11.470 9 818 9 12.783 10.675 25 7 843 9077 6.873 25 0.233 0 146 0 092 0 059 0,038 25 4292 10.835 17 000 26 462 6.848 Print Done Print Done Print Done Clear all Check answer Video Get more help ENG 10:04 09-12-2021 Help me solve this 12C Haze o O Type here to search