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Help Save & Exit Submit 4 Check my work Allegience Insurance Company's management is considering an advertising program that would require an initial expenditure of $165,500 and bring in additional sales over the next with associated expenses of $25,000. The additional sales revenue and expenses from the advertising to increase by 10 percent each year. Allegience's tax rate is 40 percent. (Hint: The $165,500 advertising cost is an expense.) five years. The projected additional sales revenue in year 1 is $75,000 program are projected 10 points Use Appendix A for your reference. (Use appropriate factor(s) from the tables provided.) Required: eBook Print References 1. Compute the payback period for the advertising program. 2. Calculate the advertising program's net present value, as intermediate and final answers to the nearest whole dollar.) 2. Net present value Table III Present Value ot $1.00 Period 4% 6% 8% 10% 12% 14% 16% 10% 20% masas masas .962 .943 .926 90g .893 .877 .862 .847 m 20 .86 794 ,78t se 2 .925 .890 .857 .826 .797 .769 .743 .718 8M 672 .810 592 574 3 .889 .840 .794 .751 .712 ,675 B41 ,609 579 .551 .524 .500 AT7 .455 4 .855 .792 .735 .683 536 .502 .552 .516 .482 .451 .423 .373 350 329 5 822 747 681 61 567 519 6 437402 370341 315 291 250 .790 .705 .630 .564 .507 .456 .410 .370 335 303 275 250 227 207 .100 7 760 65 583 513 452 00 354 314 279 249 222 198 178 150 143 8 .731 627 540 467 .404 .351 .36 206 za 204 ,170 t57 t20 ,12t 100 9 703 502 500 424 361 10 876 558 463 398 322 20 22912 137 110 09 08573 308 263 225 194 167 144 125 108 094 082 .650 527 .429 .350 287 .237 .195-162 .135 112 079 .06 066 047 12 .497 .397 .319 .257 .208 .168 .137 .112 .ore .062 043 .096 13 .601 .469 .368 .290 229 .182 .145 .116 .ors ,001 .000 .00 14 577 442 340 263 206 160 125 099 078062049 039 032 025 021 15 555 417 315 239 183 140 108 084 005040 031 025 020016 20 .456 .312 .215 .149 .104 .0731037 26 .019 .014 .010 .007 .005 ,004 30 .308 .174 .099 .057 .033 .020 012 .007 ,004 ,003 ,00t .00t-- 40 208 .097 046-022 .01 1 .005 .00g -,00 -001 Table IV Presant Value of Serles of $1.00 Cash Flows 000 001- 200 001 82 60 40