I received in comments below that the question is too small and the expert requested it to be larger. I think that unless you use a smartphone from which you can zoom in, there is no other way to make the text larger and the text is the same size as I've always used. Perhaps another expert review the question if the current one cannot figure how to enlarge the screen?

Miltons Construction is analyzing its capital expenditure proposals for the purchase of equipment in the coming year. The capital budget is limited to $12,000,000 for the year. Lydia Baker, staff analyst at Miltons, is preparing an analysis of the three projects under consideration by Corey Miltons, the company's owner. E (Click the icon to view the data for the three projects.) Present Value of $1 table Present Value of Annuity of $1 table Future Value of $1 table Future Value of Annuity of $1 table Data Table Read the requirements B D Project A Project B Requirement 1. Because the company's cash is limited, Miltons thinks the payback method should be used to choose between the capital budgeting projects. a. What are the benefits and limitations of using the payback method to choose between projects? Benefits of the payback method: Project C 1 2 Projected cash outflow 3 Net initial investment 4 Projected cash inflows 5 Year 1 $ 6,000,000 $ 4,000,000 $ 8,000,000 O A. Indicates whether or not the project will earn the company's minimum required rate of return O B. Easy to understand and captures uncertainty about expected cash flows in later years of a project OC. Utilizes the time value of money and computes each project's unique rate of return OD. All of the above 6 Year 2 $ 2,050,000 $ 1,100,000 $ 4,700,000 2,050,000 2,300,000 4,700,000 2,050,000 700,000 50,000 2,050,000 25,000 7 Year 3 - T 8 Year 4 Requirements 9 Required rate of return 6% 6% 6% a. Print Done 1. Because the company's cash is limited, Miltons thinks the payback method should be used to choose between the capital budgeting projects. What are the benefits and limitations of using the payback method to choose between projects ? b. Calculate the payback period for each of the three projects. Ignore income taxes. Using the payback method, which projects should Miltons choose? 2. Baker thinks that projects should be selected based on their NPVs. Assume all cash flows occur at the end of the year except for initial investment amounts. Calculate the NPV for each project. Ignore income taxes 3. Which projects, if any, would you recommend funding? Briefly explain why. Reference Present Value of $1 Periods 2% 4% 6% 8% 10% 12% 14% Period 1 0.980 0.962 1 0.943 0.926 0.909 0.893 0.877 Period 2 0.961 0.925 0.890 0.857 0.826 0.797 0.769 Period 3 0.942 0.889 0.840 0.794 0.751 0.712 0.675 Period 4 0.924 0.855 0.792 0.735 0.683 0.636 0.592 Period 5 0.906 0.822 0.747 0.681 0.621 0.567 0.519 Period 6 0.888 0.790 0.705 0.630 0.564 0.507 0.456 Period 7 0.871 0.760 0.665 0.583 0.513 W.312 0.452 0.400 Period 8 0.853 0.731 0.627 0.540 0.467 0.404 0.351 Period 9 0.837 0.703 0.592 0.500 0.424 0.361 0.308 Period 10 0.820 0.676 0.558 0.463 0.386 0.322 0.270 Period 11 0.804 0.650 0.527 0.429 0.350 0.287 0.237 reno W.190 904 Period 12 0.788 0.625 0.497 0.397 0.319 0.257 0.208 Period 13 0.773 0.601 0.469 0.368 0.290 0.229 0.182 Period 14 0.758 0.577 0.442 0.340 0.263 0.205 0.160 Period 15 0.743 0.555 0.417 0.315 0.239 0.183 0.140 Period 16 0.728 0.534 0.394 0.292 0.218 0.163 0.123 Period 17 0.714 0.513 0.371 0.270 0.198 0.146 0.108 Period 18 0.700 0.494 0.350 0.250 0.180 0.130 0.095 Period 19 0.686 0.475 0.331 0.232 0.164 0.116 0.083 Period 20 0.673 0.456 0.312 0.215 0.149 0.104 0.073 Period 21 0.660 0.439 0.294 0.1990.135 0.093 0.064 Period 22 0.647 0.422 0.278 0.184 0.123 0.083 0.056 Period 23 0.634 0.406 0.262 0.170 0.112 0.074 0.049 Period 24 0.622 0.390 0.247 0.158 0.102 0.066 0.043 16% 18% 20% 22% 24% 26% 28% 30% 32% 40% Periods 0.862 0.847 0.833 0.820 0.806 0.794 0.781 0.769 0.758 0.714 Period 1 0.743 0.718 0.694 0.672 0.650 0.630 0.610 0.592 0.574 0.510 Period 2 0.641 0.609 0.579 0.551 0.524 0.500 0.477 0.455 0.435 0.364 Period 3 0.552 0.516 0.482 0.451 0.423 0.397 0.373 0.350 0.329 0.260 Period 4 0.476 0.437 9:40 0.402 0.370 0.341 0.315 0.291 0.269 0.250 0.186 Period 5 0.410 0.370 0.335 0.303 0.275 0.250 0.227 0.207 0.1890.133 Period 6 0.354 0.201 0.354 0.314 0.279 0.249 0.222 0.222 0.198 0.178 wo 0.159 0.143 0.095 Period 7 0.305 0.266 0.233 0.204 0.179 0.157 0.139 0.123 0.108 0.068 Period 8 0.263 0.225 0.194 0.167 0.144 0.125 0.108 0.094 0.082 0.048 Period 9 0.227 0.191 0.162 0.137 0.116 0.099 0.085 0.073 0.062 0.035 Period 10 0.195 0.162 0.135 0.112 0.094 0.079 0.066 0.056 0.047 0.025 Period 11 0.168 0.137 0.112 0.092 0.076 0.062 0.052 0.043 0.036 0.018 Period 12 0.145 0.116 0.093 0.075 0.061 0.050 0.040 0.033 0.027 0.013 Period 13 0.125 0.099 0.078 W.123 6032 W010 0.062 0.049 0.039 0.032 0.025 0.021 0.009 Period 14 0.108 0.084 0.065 0.051 0.040 0.004 0.031 0.025 0.020 0.016 0.006 Period 15 0.093 0.071 0.054 0.042 0.032 0.025 0.019 0.015 0.012 0.005 Period 16 0.080 0.060 0.045 0.034 0.026 0.020 0.015 0.012 0.0090.003 Period 17 1.049 0.069 0.051 0.038 0.000 0.028 0.021 0.016 0.012 0.009 0.007 0.002 Period 18 0.060 0.043 0.00! 0.031 0.023 0.017 0.012 0.0090.007 0.005 0.002 Period 19 0.051 0.037 0.026 0.026 0.019 0.014 0.010 0.007 0.005 0.004 0.001 Period 20 0.044 0.031 0.022 0.022 0.015 0.011 0.008 0.006 0.004 0.003 0.001 Period 21 0.038 0.026 0.018 0.013 0.009 0.006 0.004 0.003 0.002 0.001 Period 22 0.033 0.022 0.015 0.010 0.007 0.005 0.003 0.002 0.002 0.000 Period 23 0.028 0.019 0.013 0.008 0.006 0.004 0.003 0.002 0.001 0.000 Period 24 0.024 0.005 0.001 0.021 0.018 Period 25 0.610 0.375 Period 26 0.598 0.361 Period 27 0.586 0.347 Period 28 0.574 0.333 Period 29 0.563 0.321 Period 30 0.552 0.308 Period 135 0.500 0.253 Period 40 0.453 0.208 0.233 0.220 0.207 0.196 0.185 0.174 0.130 0.097 0.007 0.006 0.005 0.004 0.146 0.135 0.125 0.116 0.107 0.099 0.068 0.046 0.092 0.084 0.076 0.069 0.063 0.057 0.059 0.053 0.047 0.042 0.037 0.033 0.019 0.011 0.038 0.033 0.029 0.026 0.022 0.020 0.010 0.005 0.016 0.014 0.011 0.010 0.008 0.007 0.010 0.009 0.007 0.006 0.005 0.004 0.002 0.001 0.016 0.014 0.004 0.003 0.002 0.002 0.002 0.002 0.002 0.001 0.001 0.001 0.003 0.002 0.002 0.002 0.001 0.001 0.000 0.000 0.003 0.001 0.001 0.001 0.000 0.000 0.000 0.000 0.001 0.001 0.001 0.000 0.000 0.000 0.000 0.000 0.000 Period 25 0.000 Period 26 0.000 Period 27 0.000 Period 28 0.000 Period 29 0.000 Period 30 0.000 Period 35 0.000 Period 40 0.012 0.001 0.036 0.003 0.006 0.003 0.003 0.001 0.000 0.001 0.000 0.000 0.000 0.022 0.001 Reference 18% 20% 0.833 24% 0.806 32% 0.758 0.847 1.886 1.736 1.528 1.457 1.331 2.106 2.589 2.320 2991 Period 7 6.472 6.210 6.802 Present Value of Annuity of $1.00 in Arrears* Periods 2% 4% 6% 8% 10% Period 1 0.980 0.962 0.943 0.926 0.909 Period 2 1.942 1.833 1.783 Period 3 2.884 2.775 2.673 2.577 2.487 Period 4 3.808 3.630 2.AGE 3.465 3.312 3312 3.170 Dorios713 AC 243 Period 5 2704 4.452 2 992 4.212 3.993 3.791 Derde 35 1045 co 22 Period 6 5.601 5.242 6662 4.917 4.623 4.355 con Loco conc 6.002 5.582 5.206 4.868 709 1742 222 Period 8 7.325 6.733 5.747 5.335 Deridda 6.163 Period 2 zor 720 7.435 8.162 6.247 5.759 Died 1992 8111 726 Period 10 8.983 8.111 7.360 6.710 6.145 Ozon du 787 2007 40 Period 11 9.787 8.760 7.887 7.139 6.495 16 Dorid 1 10676 207 6.2014 Period 12 10.575 9.385 z cas 04 8.384 7.536 6.814 1914210 gec O 023 zon 2405 Period 13 11.348 9.986 8.853 7.904 7.103 de inte 300 207 Period 14 12.106 10.563 9.295 8.244 7.367 Dorid 15 2010 2118 6740 re 2006 Period 15 12.849 11.118 9.712 8.559 7.606 Period 16 13.578 11.652 10.106 8.851 10400 Boer 1024 7.824 Derid 17 209 2106 10477 0.100 0035 Period 17 14.292 12.166 10.477 9.122 8.022 16 7999 200 10899 0272 201 Period 18 14.992 12.659 10.828 9.372 8.201 Period 19 15.678 13.134 11.158 9.604 8.365 13.590 11.470 9.818 8.514 Period 21 17.011 14.029 11.764 10.017 8.649 Period 22 17.658 14.451 12.042 10.201 8.772 Period 23 18.292 14.857 12.303 10.371 8.883 Period 24 18.914 15.247 12.550 10.529 8.985 12% 0.893 1.690 2.402 3.037 cos 3.605 4444 4.111 CA 4.564 oco 4.968 208 5.328 SEN 5.650 1920 5.938 4104 6.194 6.424 250 6.628 4042 14% 0.877 1.647 2.322 2.914 2122 3.433 2000 3.889 200 4.288 co 4.639 104 4.946 5.216 262 5.453 Ecco 5.660 or 5.842 6.002 43 6.142 acc 6.265 270 6.373 cz 6.467 ce 6.550 6.623 6.687 6.743 16% 0.862 1.605 2.246 2.798 27 3.274 250K 3.685 4.039 020 TX 4.344 1102 4.607 022 4.833 5.029 2002 5.197 5.342 co 5.468 12 5.575 eco 5.668 20 5.749 2010 5.818 5.877 5.929 1.566 2.174 2.690 5432 3.127 100 8.498 3.812 04 4070 4.078 202 4.303 404 1.494 CEC 1.656 202 4.793 100 4.910 ono 5.008 002 5.092 5.162 an 5.222 23:52 5.273 5.316 316 5.353 5.384 5.410 5.432 5.451 2206 3.326 2005 3.605 2027 3.837 41004 4.031 1200 4.192 4.327 4430 4.439 222 4.533 4.611 161 za 4.675 200 4.730 *1770 4.775 1042 4.812 2013 4.843 4.870 1970 4.891 4.909 22% 0.820 1.492 2.042 2.494 2001 2.864 2107 3.167 216 3.416 2010 3.619 700 3.786 2003 3.923 032 4.035 12437 4.127 1302 4.203 1302 4.265 11315 4.315 257 4.357 4.391 1201 4440 4.419 1443 4.442 4.460 4.476 4.488 4.499 4.507 1.981 2.404 2.745 ZE 2008 3.020 2240 3.242 2424 3.421 tec 3.566 200 3.682 1220 3.776 OF 3.851 04 3.912 och 3.962 2004 4.001 1022 4.033 4.059 100 4.080 non 4.097 2007 10 4.110 4.121 26% 0.794 1.424 1.923 2698 2.635 300C 2.885 2002 3.083 24 3.241 2500 3.366 CE 3.465 3.543 3.606 sce 3.656 cor 3.695 2700 3.726 2721 3.751 3771 3.771 3.799 3.808 3.816 28% 0.781 1.392 1.868 2.241 2.532 3720 2.759 2027 2.937 2076 3.076 240 3.184 30 3.269 1991 3.335 207 3.387 2432 3.427 160 3.459 2103 3.483 2002 3.503 2240 3.518 ca 3.529 220 3.539 30% 0.769 1.361 1.816 2.166 2.436 2126 04 2.643 2003 2.802 2006 2.925 040 3.019 2000 3.092 9:24 3.147 40 3.190 200 3.223 2240 3.249 3268 3.268 3.283 2302 300 3.295 50 3.304 2947 3.311 2246 3.316 3.320 1.766 2.096 216 2.345 3204 2.534 077 2.677 3706 2.786 600 2.868 3000 2.930 2.978 9040 3.013 2010 3.040 2004 3.061 962 3.076 2080 3.088 2002 3.097 2404 3.104 2400 3.109 3.113 3.116 3.118 3.120 40% Periods 0.714 Period 1 1.224 Period 2 1.589 Period 3 1.849 Period 4 2025 2.035 Period 5 Deriods 5400 2.168 Period 6 Az 2.263 Period 7 5327 2.331 Dariado 270 Period 8 Dorido 2.379 Period 9 244 Dried 2.414 Period 10 120 2.438 Period 11 2.456 Period 12 4700 2.469 Period 13 5270 2.478 Period 14 30 de 2.484 Period 15 100 Deriod 16 2.489 Period 16 3103 Dorid 17 2.492 Period 17 104 10 2.494 Period 18 100 10 2.496 Period 19 2.497 Period 20 2.498 Period 21 2.498 Period 22 2.499 Period 23 2.499 Period 24 6.811 5.974 7.120 720 7.250 3.786 Period 20 16.351 7.366 7.562 7.469 3.546 5.973 3.551 6.011 3.822 3.323 7.645 7.718 7.784 6.792 4.925 6.044 6.073 4.130 4.137 3.827 3.831 3.556 3.559 3.562 3.325 3.327 6.835 4.937 4.143 3.121 6.873 6.906 4.948 7.843 7.896 7.943 7.984 8.022 6.097 6.118 6.136 6.152 5.467 5.480 5.492 Period 25 19.523 15.622 12.783 10.675 9.077 Period 26 20.121 15.983 13.003 10.810 9.161 Period 27 20.707 16.330 13.211 10.935 9.237 Period 28 21.281 16.663 13.406 11.051 9.307 Period 29 21.844 16.984 13.591 11.158 9.370 Period 30 22.396 17.292 13.765 11.258 9.427 Period 35 24.999 18.665 14.498 11.655 9.644 Period 40 27.355 19.793 15.046 11.925 9.779 Payments or receipts) at the end of each period. 6.935 6.961 6.983 4.147 4.151 4.154 4.157 4.956 4.964 4.970 4.975 4.979 4.992 4.997 5.502 5.510 5.517 4.514 4.520 4.524 4.528 4.531 4.534 4.541 4.544 3.834 3.837 3.839 3.840 3.841 3.842 3.845 3.846 3.564 3.566 3.567 3.568 3.569 3.569 3.571 3.571 6.166 3.122 3.123 3.123 3.124 3.124 3.329 3.330 3.331 3.331 3.332 3.332 3.333 3.333 2.499 Period 25 2.500 Period 26 2.500 Period 27 2.500 Period 28 2.500 Period 29 2.500 Period 30 2.500 Period 35 2.500 Period 40 4.159 8.055 3.124 8.176 8.244 7.003 7.070 7.105 6.177 6.215 6.233 5.539 5.548 4.160 4.164 4.166 3.125 3.125 Reference 2.358 2.773 ompound Amount of $1.00 (The Future Value of $1.00) Periods 2% 4% 6% 8% 10% 12% 14% 'eriod 1 1.020 1.040 1.060 1.080 1.100 1.120 1.140 'eriod 2 1.040 1.082 1.124 1.166 1.210 1.254 1.300 'eriod 3 1.061 1.125 1.191 1.260 1.331 1.405 1.482 'eriod 4 1.082 1.170 1.262 1.360 1.464 1.574 so * 'eriod 5 1.104 1.217 1:402 1.689 1:20 1.404 1.338 1.469 so 1101 12 1.611 1.762 eriod 6 1.126 1.925 1.265 1.7oz 1.419 1.587 1692 12 1222 1.772 1.974 So, 2440 940 2.195 * eriod 7 1.149 1.316 4130 1.714 Son 1.504 1.949 2.211 07 07 2.502 eriod 8 1.172 1.369 147 1.851 1.594 2004 2.144 2.476 1234 Si do 40 eriod 9 1.195 1.423 4110 od 2.853 4740 1.999 4022 1.689 1.462 1.90 3.252 eriod 10 1.219 1 5434 1.480 II 1.400 1.791 13 4198 2.159 2.594 3.106 3.707 eriod 11 1.243 4224 1.539 1.898 who 440120 2.0 2.853 3.479 2.332 100 2002 4.226 eriod 12 1.268 1.601 3:12 2.012 2.518 2011 4640 3.138 .896 4310 eriod 13 1.294 1.665 10 4.818 X90 2.133 IS1900 1:20 2.720 3.452 4.363 9.644 5.492 eriod 14 1.319 1.732 2.261 2.937 1104 100 3.797 4.887 * 12 4201 27 6.261 eriod 15 1.346 1.801 2.397 3.172 1:29% *** 2.400 01.04 23 4.177 5.474 2156 eriod 16 1.373 1.873 2.540 7.138 1:10 114 3.426 60 To 4240 4.595 6.130 120 8.137 eriod 17 1.400 1.948 1:02 120 2.693 3.700 17:20 102 5.054 6.866 604 9.276 eriod 18 1.428 2.026 2.854 3.996 En con 5.560 7.690 04.162 9462 400 10.575 eriod 19 1.457 2.107 3.026 4.316 19.062 101 264 6.116 8.613 eriod 20 1.486 2.191 12.056 0:49 3.207 16 4.661 6.727 9.646 13.743 1922 eriod 21 1.516 2.279 3.400 5.034 7.400 10.804 15.668 eriod 22 1.546 2.370 3.604 5.437 8.140 12.100 17.861 eriod 23 1.577 2.465 3.820 5.871 8.954 13.552 20.362 16% 18% 1.160 1.180 1.346 1.392 1.561 1.643 1.811 1.939 1:20 2.100 2.288 4400 2.436 2.700 10 10 2.826 3.185 4.040 100 3.278 3.759 5410 X 4.435 112 4.411 5.234 111 24 5.117 6.176 21 9:10 5.936 7.288 000 6.886 8.599 red 22:00 7.988 10.147 20 11? 9.266 11.974 11:34 10.748 14.129 10140 1414 12.468 16.672 *4.100 10.012 14.463 19.673 1307 16.777 23.214 19.461 10.437507 27.393 22.574 32.324 26.186 38.142 30.376 45.008 20% 1.200 1.440 1.728 2.074 2.488 5460 2.400 2.986 3.700 3.583 300 4.300 an 5.160 100 6.192 2100 7.430 120 8.916 10.699 19.03 12.839 12.00 15.407 10.400 18.488 10.100 22.186 26.623 31.948 20:23 38.338 46.005 55.206 66.247 22% 1.220 1.488 1.816 2.215 2.703 5107 3.297 4.023 1020 4.908 1:29 5.987 1:20 7.305 3 8.912 0.24 10.872 18.012 13.264 12.2017 16.182 10402 19.742 17:14 24.086 10:20 29.384 35.849 9942 43.736 320 53.358 65.096 79.418 96.889 24% 1.240 1.538 1.907 2.364 2.932 2008 2202 3.635 4.508 1200 110 5.590 2.324 6.931 8.594 004, 10.657 18:03 13.215 500 16.386 10:20 od 31.243 30-12 38.741 2014 48.039 -0.42 59.568 73.864 91.592 113.574 140.831 26% 1.260 1.588 2.000 2.520 3.176 10 4.002 2014 5.042 24 6.353 0.333 8.005 O. 10.086 19:40 12.708 16 16.012 10:42 2012 20.175 25.421 10.121 32.030 10:20 40.358 10:22 50.851 4.00 64.072 01:24 80.731 104724 101.721 128.169 161.492 203.480 28% 1.280 1.638 2.097 2.684 10 3.436 1300 4.398 120 5.629 22 7.206 200 9.223 11.806 1.ouo 15.112 11 19.343 12:30 24.759 47.60 31.691 21.03 40.565 14:00 51.923 26 66.461 00:01 85.071 03. 108.890 139.380 100 000 178.406 228.360 292.300 30% 1.300 1.690 2.197 2.856 3.713 620 2017 1.827 6.275 0467 8.157 10. .604 1996 13.786 2000 17.922 1.366 1:500 23.298 30.288 10:42 39.374 2244 51.186 66.542 2 86.504 112.455 16.100 146.192 100 ca 190.050 247.065 321.184 417.539 32% 1.320 1.742 2.300 3.036 4.007 2007 5.290 20 604 6.983 0:22 9.217 " 12.166 1100 16.060 21.199 100 27.983 21.30 36.937 2014 48.757 10.121 64.359 84.954 0702 112.139 148.024 110 00267 195.391 257.916 340.449 449.393 593.199 40% Periods 1.400 Period 1 1.960 Period 2 2.744 Period 3 3.842 Period 4 2012 5.378 Period 5 2.50 Red 7.530 Period 6 re 10.541 Period 7 14:22 Red 14.758 Period 8 19.12 rece 20.661 Period 9 40.00! 28.925 Period 10 ero 20:223 enou 40.496 Period 11 10:12 56.694 Period 12 10.027 79.371 Period 13 43 bus 111.120 Period 14 re 155.568 Period 15 12:20 endur 217.795 Period 16 N. end 304.913 Period 17 4. 426.879 Period 18 *29.013 597.630 Period 19 836.683 o cos Period 20 1171.356 Period 21 1639.898 Period 22 2295.857 Period 23 eriod 24 1.608 2.563 4.049 6.341 9.850 15.179 23.212 35.236 53.109 79.497 118.205 174.631 256.385 374.144 542.801 783.023 3214.200 Period 24 eriod 25 1.641 2.666 4.292 6.848 10.835 17.000 26.462 40.874 62.669 95.396 144.210 216.542 323.045 478.905 705.641 1033.590 4499.880 Period 25 eriod 26 1.673 2.772 4.549 7.396 11.918 19.040 30.167 47.414 73.949 114.475 175.936 268.512 407.037 612.998 917.333 1364 339 6299.831 Period 26 eriod 27 1.707 2.883 4.822 7.988 13.110 21.325 34.390 55.000 87.260 137.371 214.642 332.955 512.867 784.638 1192.533 1800.927 8819.764 Period 27 eriod 28 1.741 2.999 5.112 8.627 14.421 23.884 39.204 63.800 102.967 164.845 261.864 412.864 646.212 1004.336 1550.293 2377.224 12347.670 Period 28 eriod 29 1.776 3.119 5.418 9.317 15.863 26.750 44.693 74.009 121.501 197.814 319.474 511.952 814.228 1285.550 2015.381 3137.935 17286.737 Period 29 eriod 30 1.811 3.243 5.743 10.063 17.449 29.960 50.950 85.850 143.371 237.376 389.758 634.820 1025.927 1645.505 2619.996 4142.075 24201.432 Period 30 eriod 35 2.000 3.946 7.686 14.785 28.102 52.800 98.100 180.314 327.997 590.668 1053.402 1861.054 3258.135 5653.911 9727.860 16599.217 130161.112 Period 35 eriod 40 2.208 4.801 10.286 21.725 45.259 93.051 188.884 378.721 750.378 1469.772 2847.038 5455.913 10347.175 19426.689 36118.865 66520.767 700037.697 Period 40 Reference 21.321 23.521 pound Amount of Annuity of $1.00 in Arrears* (Future Value of Annuity) iods 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% od 1 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 od 2 2.020 2.040 2.060 2.080 2.100 2.120 2.140 2.160 2.180 2.200 od 3 3.060 3.122 3.184 3.246 3.310 3.374 3.440 3.506 3.572 3.640 od 4 4.122 4.246 4.375 4.506 4.641 4122 4.240 4.315 4.779 4.921 112 5.066 5.215 1.221 od 5 5.204 5.416 5.637 5.867 6.105 5.368 6.353 40 2.410 2.09 9.00 6.610 200 6.877 14 od 7.154 2 6.308 6.633 6.975 7.336 7.716 0.010 7.442 6041 8. 115 9.20 0.00 0.313 2011 8.536 442 8.977 9.442 0.0230 9.930 od 7.434 7.898 8.394 8.923 9.487 1020 0.234 023401 112 10.089 10.730 11.414 12.142 9.10 od 12.916 1994 8.583 9.214 9.897 10.637 11.436 12.300 14 13.233 o 030416 2.0 19.006 1010 14:24 12:20- 16:20 14.240 15.327 16.499 1.440 con od 9 9.755 10.583 11.491 12.488 13.579 14.776 16.085 17.519 19.086 10:15 20.799 32 10.302 11401 12400 120 10 10.997 od 10 10.950 12.006 13.181 14.487 15.937 17.549 1:37 20.12 19.337 10.100 1.100 101 102 103 od 11 12.169 13.486 14.972 16.645 18.531 20.655 23.045 25.733 28.755 25.959 2:22 40.223 32.150 12.103 10400 11:32 10.04 10:31 24.03.2013 2012 20:133 od 12 13.412 15.026 16.870 18.977 21.384 24.133 27.271 30.850 34.931 6. 39.581 bd 1.652 10 009 19:20 31.20 0.20 3.200 e 708 17:30 14.680 16.627 18.882 21.495 24.523 28.029 2010 1.089 36.786 42.219 von 10:36 9.09% 1.4404 4056 od 14 15.974 18.292 21.015 24.215 27.975 32.393 37.581 43.672 50.818 2.0 48.497 90.1900 10.13 Das 19:30 10:452 441 44 43 421 14:30 1.200 201 20.00 59.196 od 15 17.293 20.024 23.276 27.152 31.772 37.280 43.842 51.660 60.965 30.129 10.05.09 2419 30 14 A 11:42 od 16 18.639 21.825 25.673 30.324 35.950 42.753 50.980 60.925 72.939 10.044 72.035 or 9.00 6. 10.03 21.025 25.513 30.324 3.930 42.1950.300 94.94362309 1.442 od 17 20.012 23.698 28.213 33.750 40.545 48.884 59.118 71.673 87,068 2012.020 2021 40.243 +0.004 310 11.00.1010322 105.931 od 18 21.412 25.645 30.906 37 450 45.599 55.750 68.394 84.141 103.740 128. 117 112 od 19 22.841 27.671 33.760 41.446 51.159 63.440 78.969 98.603 123.414 154.740 2017.12 20 * 0.15 0.14 140 JOU 41.440 1.19% 92.440 od 20 24.297 29.778 36.786 45.762 57.275 72.052 91.025 115.380 146.628 186.688 od 21 25.783 31.969 39.993 50.423 64.002 81.699 104.768 134.841 174.021 225.026 od 22 27.299 34.248 43.392 55.457 71.403 92.503 120.436 157.415 206.345 271.031 od 23 28.845 36.618 46.996 60.893 79.543 104.603 138.297 183.601 244.487 326.237 22% 1.000 2.220 3.708 5.524 2.324 7.740 10.442 10.444 13.740 17:41 17.762 1192 22.670 2014 28.657 10.02 35.962 2:292 44.874 4 55.746 W140 69.010 ..20 3.132 85.192 104.935 104.28 129.020 123.420 158.405 10:402 194.254 237.989 291.347 356.443 435.861 24% 1.000 2.240 3.778 5.684 8.048 10.980 14.20 14.615 12012 19.123 12 24.712 1012 31.643 21.04 40.238 10.40 50.895 4.230 64.110 4. 80.496 30 100.815 10.013 126.011 149.0 157.253 Tor.60 195.994 03 244.033 17.00 303.601 377.465 469.056 582.630 26% 1.000 2.260 3.848 5.848 8.368 u 11.544 15.546 1:14 10.340 20.588 4:22 26.940 42:21 34.945 1:22 45.031 12:40 57.739 73.751 11 93.926 2.120 119.347 4 151.377 11:21 191.735 12.202 242.585 300.000 387.389 489.110 617.278 778.771 28% 1.000 2.280 3.918 6.016 40 8.700 12.136 12.100 10.304 16.534 22.163 10:10 29.369 12.-03 38.593 50.398 0 300 wo 65.510 84.853 109.612 2012 141.303 181.868 19:00 100.000 233.791 300.252 900:20 385.323 494.213 633.593 811.999 1040.358 30% 1.000 2.300 3.990 6.187 9.043 204 12.756 4.130 17.583 1.300 23.858 20.000 32.015 2013 42.619 16:22 56.405 1307 74.327 97.625 7.25 127.913 14:21 167.286 0:49 218.472 10:42 285.014 21 371.518 2002 483.973 630.165 820.215 1067.280 1388.464 32% 1.000 2.320 4.062 0:002 6.362 9.398 10 13.406 10.400 18.696 10.000 25.678 wo 34.895 47.062 11.002 63.122 150 84.320 24 112 303 Ho 149.240 17:44 197.997 262.356 3 204.350 347.309 459.449 1.414 607.472 802.863 1060.779 1401.229 1850.622 40% 1.000 2.400 4.360 7.104 104 10:346 10.946 16.324 10.324 23.853 2.000 34 395 2222 49.153 11 69.814 06.011 98.739 10.0 10.233 139.235 195.929 10:36 275 300 210.000 386.420 200.420 541.988 1.900 759.784 1064.697 103. 1491.576 2089.206 2925.889 4097.245 5737.142 Periods Period 1 Period 2 Period 3 Period 4 nen Red Period 5 Period 6 og Period 7 ero Period 8 end Period 9 Feno Period 10 Period 11 bu Period 12 ben Period 13 ex Period 14 Rent Period 15 Period 16 Period 17 endo Period 18 Ferodo Period 19 Period 20 10.10 306.658 Period 21 Period 22 Period 23 819.223 od 24 30.422 39.083 50.816 66.765 88.497 118.155 158.659 213.978 289.494 392.484 532.750 723.461 982.251 1332.659 1806.003 2443.821 8032.999 Period 24 od 25 32.030 41.646 54.865 73.106 98.347 133.334 181.871 249.214 342.603 471.981 650.955 898.092 1238.636 1706.803 2348.803 3226.844 11247.199 Period 25 od 26 33.671 44.312 59.156 79.954 109.182 150.334 208.333 290.088 405.272 567.377 795.165 1114.634 1561.682 2185.708 3054.444 4260.434 15747.079 Period 26 od 27 35.344 47.084 63.706 87.351 121.100 169.374 238.499 337.502 479.221 681.853 971.102 1383.146 1968.719 2798.706 3971.778 5624.772 22046.910 Period 27 od 28 37.051 49.968 68.528 95.339 134.210 190.699 272.889 392.503 566.481 1716.101 2481.586 5164.311 7425.699 30866.674 Period 28 od 29 38.792 52.966 73.640 103.966 148.631 214.583 312.094 456.303 669.447 984.068 1447.608 2128.965 3127.798 4587.680 6714.604 9802.923 43214.343 Period 29 od 30 40.568 56.085 79.058 113.283 164.494 241.333 356.787 530.312 790.948 1181.882 1767.081 2640.916 5873.231 8729.985 12940.859 60501.081 Period 30 od 35 49.994 73.652 111.435 172.317271.024 431.663 693.573 1120.7131816.652 2948.341 4783.645 7750.225 12527.442 20188.966 32422.868 51869.427 325400.279 Period 35 od 40 60.402 95.026 154.762259.057442.593 767.091 1342.0252360.7574163.213 7343.858 12936.535 22728.803 39792.982 69377.460 120392.883 207874.272 1750091.741 Period 40 ments (or receipts) at the end of each period. 1185.744 3583.344 3942.026