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i always thumbs up! Suppose your company is considering investing $825,000 in a project. The project would have a life of 10 years. The project

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Suppose your company is considering investing $825,000 in a project. The project would have a life of 10 years. The project would require additional working capital of $22,000, which would be released for use elsewhere at the end of the project. The annual net cash inflows would be $154,000. The salvage value of the assets used in the project would be $32,000. The company uses a discount rate of 15%. (Ignore Income taxes.) Click here to view Exhibit 128-1 and Exhibit 128-2 to determine the appropriate discount factor(s) using the tables provided. Required: Compute the net present value of the project (Negative amount should be indicated by a minus sign. Round your intermediate calculations and final answer to the nearest whole dollar amount.) Net present value EXHIBIT 122-1 Present Value of $1 to Periods 4% 5 6 8 93 10% 11 123 13% 14% 15% 15% 185 19% 20% 22% 235 1 0962 0952 0943 09350926 0917 0909 0.901 0893 0885 0.8770870 0362 085508470840 083 0826 0820 08130806 0800 2 0925 0907 0.890 0.873 0857 0.842 0826 0812 0797 0783 0.769 0756 0743 0731 0718 0.706 0694 0.683 0.672 0661 0650 0640 3 0889 0864 0.840 0.8160794 0712 0751 0731 072 0693 0.675 0658 0641 0624 0609 0.593 0579 0.564 0551 0537 0524 0512 4 0855 0823 07920763 0735 0708 0683 0659 0636 0613 0592 0572 0552 0534 0516 0499 0487 04670451 0437 0423 0410 5 0872 0784 0747 0713 0.681 0.650 0621 0593 0567 0543 0519 0497 0476 0456 0437 0419 0402 0386 0370 0355 0341 0328 6 0790 0746 0705 0666 0630 0595 0564 0535 0507 0480 0156 0432 0410 0390 0370 0.352 0335 0319 0303 0289 0275 0262 7 0760 0711 0665 0623 0583 0.547 0513 0482 0.452 0425 0.400 0376 0354 0333 0.314 0296 0279 0263 0.249 0235 0222 0210 8 0731 0.677 0627 0.582 0.540 0502 04670434 0404 0376 0.351 0327 0305 0285 0266 0249 0233 0218 0.204 0191 0179 0168 9 0703 0645 0592 0544 05000460 0424 0391 0361 0333 0.308 0784 0263 0243 0.225 0209 0194 01800167 0155 0144 0134 10 0 676 0614 0558 OSOR 0463 0422 0386 0352 0322 0295 0270 0247 0221 0.208 0191 0176 01620149 0137 01260116 0107 11 0650 0585 0527 0475 0429 0.388 0.350 03170287 0261 0237 0215 0195 0178 0.362 0148 0135012201120103 00940086 12 0625 0557 0497 04440392 0356 0.319 0286 0257 0231 0208 0187 0168 0152 0137 0124 01120102 0.092 0.083 00760069 13 0601 0530 0469 0.415 0368 0326 0290 0.258 0229 0204 0182 0163 0145 0130 0116 0104 0093 0.084 0075 0068 0061 0055 14 0577 0505 0442 0388 0340 0.299 0.263 0232 0.205 0181 0.1600141 0125 0111 0,099 0.088 0078 0069 0062 0055 0049 0.044 15 0.555 0481 0.417 0362 0315 0275 0239 0209 0183 0.160014001230108 0095 0.0840074 0065 0.057 0.051 0045 0.040 0.035 16 0534 0458 0.394 0339 0.292 0252 0218 0.188 0963 0.1410123 01070093 0081 0.071 0062 0054 0047 0042 0.036 0032 0028 17 0513 0436 0,371 03170270 0231 0198 0170 0946 0125 0108 0.093 00800069 0060 0052 0045 0039 0034 0.030 0026 0023 18 0494 0416 0 350 0.296 0.250 0212 01800153 0130 0.111 0095 0.081 0069 0059 0051 00140038 0032 0.028 0024 0021 0018 19 04750396 0331 0.277 0.232 0194 0164 0138 0176 0098 0083 007000600051 0043 0037 0031 0027 0023 0020 001 001 20 0456 0377 0312 0258 02150178 0149 0124 0904 0087 0073 0061 0051 0043 0.037 0031 0026 0022 00190016 001 0012 21 0.439 0359 0294 0,242 0.199 0164 013501120093 0077 0064 0053 0044 0.037 0.031 0.025 0.022 0018 0015003 001 0009 22 0.422 0342 0.278 0.226 0184 01500123 01010083 0.068 0056 0046 0038 0032 0.026 0.022 0.018 0015 0.013 0011 0009 0007 23 0.405 0326 0.262 0211 0170 0138 0112 0.0910074 0.060 0049 0000 0033 0027 0022 0.018 0015 0012 0010 0009 0007 0.006 24 0.390 0310 0247 0.197 0158 0126 0102 0.082 0.066 0053 0043 0.035 0028 0023 0.019 0015 0013 0010 0.008 0007 0006 0005 25 0375 0295 023301840146 0116 0.092 0074 0.059 0047 0038 0.0300024 0.020 0016 0013 0010 0.009 00070006 0005 0004 26 0361 0281 0220 0172 01350106 0084 0066 0.053 0042 0033 0.026 0021 0011 0010011 0009 0007 0006 0.005 0004 0003 27 0347 0.268 0207 0161 0125 0098 0076 0060 0047 0037 0029 0023 0018 004 0011 0009 0002 0006 0005 0004 0003 0002 28 0333 0255 0196 01500116 0090 00690054 0042 0.033 0026 00200016 0012 0010 0.008 0006 0005 0004 0003 0002 0.007 29 0.321 0243 01850141 0107 0082 0063 0048 0.037 0.029 0022 0.01 0014 0011 0008 0006 0005 0004 0003 0002 0002 0002 30 0308 0231 0.174 0131 0099 0.075 0057 0044 0033 0026 0020 0,015 0,012 0009 0.007 0005 0004 0003 0003 0.002 0002 0001 40 0208 0142 0097 0.067 0046 0032 0.022 0015 00110008 0005 0.0040003 0002 0001 0001 0.001 0000 0000 0000 0000 0000 EXHIBIT 120-2 Present Value of an Annuity of S1 in Arrears: 10% Periods 5 7 9 114 123 13 14% 15 16% 17 18 19% 20% 213 22 23 259 1 0.962 0.952 0.943 0935 0.926 0.9170909 0.901 0893 0.885 0877 0.8700862 0855 0.847 08400833 0826 0820 081 0805 0800 2 1886 1859 1833 1808 1783 1759 1736 1713 1690 1668 1647 1626 1605158515661547 1528 1509 1492 1476 1457 1400 3 2775 2723 2673 2624 2577 25312487 2.444 2402 2361 2322 2283 2246 2210 2174 2100 2106 2074 2042 2011 1981 1952 4 3.630 3.546 3.465 3.387 3312 3240 370 3102 3037 29742914 2855 2798 2703 7690 7639 2589 2540 249 2468 7404 2352 5 4.452 4329 4212 4100 3993 3890 391 3.696 3605 357 333 3352 3 274 3199 31273058 2991 2926. 2864 2803 2745 2689 6 5.242 5076 4917 4767 4.623 4486 4355 4231 4111 3998 3889 3784 36853.589 3.498 3410 3.376 3245 31673092 3020 2951 7 60025786 558253895206 5033 4868 4712 4564 4423 4288 4160 4039 3.922 3812 37063605 3.508 345 3327 3242 3161 8 6733 6 463 6.210 5.971 5747 5535 5335 516 4968 47994639 4487 4314 4207 4078 3954 3837 3726 36793518 3.421 3329 9 7.435 2108 6.802 6515 6.247 5.995 5759 5537 5328 5132 495 4712 4602 4451 4303 4163 40313905 3786 36733566 3.463 10 8111 7722 7360 7024 6710 6 418 6145 5889 5650 5426 5216 5019 4833 4659 4494 433941921054 3.923 3.799 3.682 3571 11 8.760 8305 7887 7499 7139 6 805 64956207 5938 56875453 5 234 5029 48364656 4.485 4327 4.1774035 3.902 3776 3.656 12 9.385 8863 8384 7943 7536 2161 6814 592 6194 5.918 5.660 5.421 5197 1988 4793 461 4439 4278 4127 3985 3851 3725 13 9.986 9.048853 835 7904 7.487 7903 6750 6424 6122582 552 53125118 4910 471 4533 4362 4203 4053 391 3780 14 10.563 9899 9.2958745 8.244 77867367 6982 6 628 6302 6002 57245 468 52295008 402 4611 4.432 1265 4108 3962 324 15 11118 10 380 9712 9108 8559 80617606 7191 6 811 6.662 612 58475575 5324 5092 4876 4675 4489 415 4153 4001 3859 16 11652 10.838 10106 9.4078851 83137824 73796.974 6604 6265 5954 5668 5405 5.462 4938 4730 45364357 4189 4033 3.887 12 166 1127410477 9763 9122 8544 8022 7549 7120 67296373 607 5749 5475 5222 4990 4775 4576 4391 429 4059 3910 18 12.659 11690 10.828 90059 9.312 87568201 7702 7250 6840 6467 6128 5818 5534 5.273 5033 48124608 4.419 42434080 3928 19 13.134 2085 1115810336 9.604 8950 8365 7839 7366 6938 6550 679 5877 554 536 5070 4863 4635 4 442 4263 409) 3902 20 3590 12462 1147010594 981890985 7963 7469 7025 6623 6259 5.929 5628 5353 5101 4.870 4657 400 427 400 21 M029 12821 11764 10836 10.017 9.292 8649 8075 75627802 6687 6312 5973 5665 534 51274891 4675 4476 4292 41213963 14,451 13163 12.042 11061 10 201 942 8772 81767645 710 670 6359 60115696 5410 549 4900 1690 4488 4302 41303970 1857 13.489 12.303 11272 10371 9.580 888 8266 7718 7230 6792 6,399 6044 57235432 5167 4925 47034499 4311 4137 3.976 24 15242 13.799 1255011469105299707 895 MAR 774 2283 6835 6434 607 5746 5451 5182 40374712 407 418 41981 25 15622 1094 12783_11654 106759.8239.077 842278437330 6873 64646097 5766 5467 51954948 4721 454 432) 4147 3985 26 15983 1375 1300311826 10810 9929 9161 8488 786 7372 6906 6491 6118 5783 5480.5206 4956 472 4520 432841513988 27 16 330 4643 0.211 11987 10935 10027 9237 8548 7943 7409 6935 654 6136 57985492 5215 4964 4734 4524 4332 4154 1990 28 16663 189 13 406 12137 11051 10115 9 307 8602 7984 7411 6961 6534 6152 5810 5502 52234970 47394528 4335 41573992 29 16984 15.1419.591 12278 11158 10198 9320 8650 8022 74706 983 6551 6166 5820 5510 5229 4975 47434531 4337 41593994 30 17.292 15372 13765 12.409 11258 10 274 9.427 869 805574967003 6566 677 5829 5517 5235 49794746 4534 4339 41603995 40 19793 17159 5046 1332 119250757 9779 951 8.244 763471056642 623 5815548 5258 499) 4760 4541 347 43 1999

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