Lardinal Company is considering a project that would require a $2.750.000 investment in equipment with a use of fore years the end of five years, the project would terminate and the equipment would be sold for its salvaje value of $400.000 The company's discount rate is 18%. The project would provide net operating income each year as follow. Sales Variable expenses $2,849,000 Contribution margin 1,122 000 Fixed expenses: 1,727,009 Advertising, salaries, and other fixed out-of-pocket costs $752,809 Depreciation 470,000 Total fixed expenses 1, 222,000 Net operating income $ 505,000 Click here to view Exhibit 10-1 and Exhibit 10-2. to determine the appropriate discount factor(s) using tables Required: What is the present value of the project's annual net cash inflows? (Round discount factor(s) to 3 decimal places and final answer to che nearest dollar amount.) Present value PV factor of $1 for single cash flow EXHIBIT 10-1 Present Value of $1 Period 1 1 2 6% 10. 16% 98% 20% 22% 24% 26% 26 30% 40% 0.962 0952 0943 0926 0909 0893 0.877 0862 0847 0833 0820 0.306 0.794 0.781 0 769 0714 0.925 0907 0.890 0.857 0.826 0.797 0.769 0.743 0718 0.694 0672 0650 0.630 0610 0.592 0510 0.88908640 840 0.794 0.751 0.712 0.675 0.641 0.609 0.579 0551 0.524 0.500 0.477 0455 0364 0.855 0.823 0.792 0.735 0.683 0636 0.592 0.552 0.516 0.412 0.451 0.423 0.397 0.373 0.350 0.250 0.822 0.784 0.747 0681 0.621 0567 0.519 0.476 0.437 0.4020370 0.341 0.315 0291 0.269 0186 4 5 6 0.790 0.746 0.705 0.630 0.564 0507 0.456 0.410 0.3700335 0 303 0.275 0.250 0.227 0.207 0.133 7 0.760 0.711 0.665 0.583 0.513 0452 0.400 0.354 0.314 0.279 0249 0.222 0.19 0.178 0 159 0.095 0731 0677 0627 0540 04670404 0351 0 305 0.266 0.233 0204 0.179 0.157 0.139 0 123 006 8 10 11 12 13 14 15 16 17 0.703 0.645 0.592 0.500 0.424 0.361 0.308 0.263 0225 0.194 0.167 0.144 0.125 0.1080094 0.048 0.675 0.614 0.558 0.463 0.386 0322 0.270 0.227 0.191 0.162 0.137 0.116 0.099 0.085 0.073 0.035 0.650 0.585 0.527 0.429 0.350 0.287 0237 0.195 0.162 0.135 0.112 0.094 0.079 0.056 0.056 0.025 06250557 0497 0 397 0.319 0257 0.208 0.168 0 137 0.112 0.092 0.075 0.062 0.052 0.043 0018 0.601 0530 0469 0.368 0.290 0.2290182 0.145 0.116 0.093 0.075 0.061 0.050 0.040 0.050 0.040 0.033 0.013 05770505 0442 0.340 0263 0205 0.160 0.125 0.099 0078 0.062 0049 0.039 0.032 0.025 0.009 05550481 0.417 0.315 0.239 0.183 0.140 0.140 0.108 0084 0065 0065 0051 0.051 0.0400031 0.025 0.020 0005 0.534 0.458 0.394 0.292 0.218 0.163 0.123 0.093 0071 0.054 0042 0.032 0.025 0.019 0.015 0.005 0.513 0.436 0.371 0.270 0.19 0.146 0.10 0.000 0.060 0,045 0.034 0.025 0.0200015 0.012 0.003 0.494 0416 0.350 0.250 0.10 0.13000950069 005100380028 0.021 0016 0012 0.009 0.002 0.475 0.396 0331 0232 0164 0.116 0.083 00600043 0031 0023 0017 0012 0.009 0.007 0.002 0.456 0.377 0312 0.215 0.149 0104 0.073 0.073 0.051 0.051 0.037 0026 0.019 0.014 0.010 0.007 0.005 0.001 0.439 0.359 0.294 0.199 0.135 0.093 0.064 0.044 0.031 0.022 0015 0.011 0.008 0.006 0.0040001 0.422 0342 0278 0.184 0.123 0.003 0.056 0.038 0.026 0.018 0013 0.009 0.006 0004 0.003 0.001 0406 0.326 0.262 0.170 0.112 0.074 0.049 0033 0.022 0.015 0010 0.007 0.005 0.003 0.002 0.390 0.310 0.247 0.158 0.102 0.066 0.043 0.028 0.019 0.013 0.00 0.00 0.004 0.003 0.002 0.375 0295 0233 0146 0.092 0059 0.038 0.024 0016 0.010 0.007 0.005 0.003 0.002 0001 0.361 0281 0220 0.135 0084 0053 0.033 0.033 0.021 0.021 0014 0009 0.0090006 0.004 0.002 0.002 0.001 18 19 20 21 22 23 24 25 26 27 0.001 28 0.001 0 347 0.268 0.207 0.125 0.076 0.047 0.029 0.029 0.018 0.011 0.007 0.005 0.003 0.002 0.001 0333 0255 0.196 0.116 0.069 0.042 0.026 0016 0.010 0.006 0.004 0.002 0.002 0.001 0.321 0243 01850 107 0063 0.037 0.022 0014 0.008 0.005 0.003 0.002 0.001 0.001 0.308 0.231 0.174 0.099 0.057 0.033 0.0200012 0.007 0.004 0.003 0.002 0.001 0.001 30 PV factor of $1 for annuity EXHIBIT 10-2 Present Value of an Annuity of $1 P- Perlod 4% 5% 6% 8% 10% 12% 14% 16% 18% 20% 22% 24% 26% 28% 30% 40% 1 1. 0962 0.952 0.943 0.926 0.909 0.893 0.877 0.862 0.847 0.833 0820 0 806 0.794 0.781 0.769 0.714 2 1 886 1.859 1833 1.783 1.736 1690 1647 1.605 1.566 1.528 1.492 1.457 1.424 1392 1 392 1 361 1224 2.775 2.723 2673 2.577 2.487 2402 2322 2246 2.174 2106 2.042 1981 1923 1.868 1816 1589 4 3.630 3.546 3.465 3,312 3.170 3.037 2.914 2.798 2.690 2589 2.494 2404 2.320 2241 2.166 1879 5 4452 4330 4212 3993 3.791 3.605 3.433 3.274 3.127 2991 2864 2745 2.635 2532 2436 2035 6 5.242 5,076 4.917 4.623 4 355 4111 3.889 3.685 3.498 3.326 3 167 3.020 2.885 2.759 2.643 2.168 7 6002 5.786 5.582 5. 206 4.868 4.564 4.288 4.039 3.812 3.605 3.416 3.242 3.083 2.937 2.802 2.263 8 8 6.733 6.463 6.210 5.747 5.335 4.968 4.639 4.344 4.078 3.837 3.619 3.421 3.241 3.076 2.925 2.331 9 7.435 7 108 6.802 6 247 5.759 5.328 4.946 4 607 4 303 4031 37863.566 3.366 3.184 3.019 2379 10 8.111 7.722 7.360 6.710 6.145 5.650 5216 4.833 4.494 4. 1923.923 3.662 3.465 3.269 3.092 2414 11 8.760 8.306 7.887 7.139 6.495 5.938 5.453 5.029 4.656 4.327 4.0353.776 3.544 3.335 3.147 2.438 12 9.385 8.863 8.384 7.536 6.814 6.194 5.660 5.197 4793 4 439 4.127 3.851 3.606 3.387 3.190 2456 13 9986 9,394 8.853 7.904 7 103 6 424 5.842 5 342 4910 4533 4203 3.912 3.656 3427 3.223 2468 10.563 9.899 9.295 8.244 7.367 6.628 6.002 5.468 5008 4.611 4.265 3.962 3.695 3.4593.249 2.477 15 11118 10.380 9.712 8.559 7.606 6.811 6.142 5.575 5.092 4.675 4315 4.001 3.726 3.483 3.268 2.484 16 11.652 10 838 10.106 8.851 7824 6.974 6.265 5.669 5.162 47304357 4.033 3.751 3.503 3.283 2.489 17 12.166 11274 10.477 9.122 8 022 7.120 6.373 5.749 5.222 4775 4391 4.059 3.771 3.518 3.295 2492 18 12659 11.690 10.828 9,372 8.2017.250 6.467 5.818 5.273 4812 4.419 4.000 3.786 3.529 3.304 2.494 19 13.134 12.085 11.158 9.604 8.365 7.366 6.550 5.877 5.316 4,844 4.442 4.097 3.799 3.539 3.311 2.496 20 13.590 12.462 11.470 9.818 8.514 7.469 6.623 5.929 5.353 4870 4.460 4.110 3.808 3.546 3.316 2.497 21 14.029 12.821 11.764 10.017 86497562 5.687 5.973 5.384 4.891 4.476 4.121 3.816 3.551 3.320 2.498 22 14.451 13.163 12.042 10 201 a 772 7.645 6.743 6.011 5.410 4.909 4.488 4130 3.822 3.556 3.323 2.498 23 14.857 13.489 12.303 10.371 8.883 7.718 6.792 6.044 5.432 4.925 4.499 4.137 3.827 3.559 3.325 2.499 24 15.247 13 799 12550 10.529 8.985 7.784 6835 6.073 5.451 4937 4.507 4.143 3.831 3.562 3.327 2.499 25 15.622 14094 12.783 10.675 9.077 7.843 6873 6097 5.467 4 948 4514 4147 4.5144 147 3.834 3.564 3.329 2.499 26 15.983 14 375 13 003 10.810 9.1617.896 6.906 6.118 5.480 4 956 4520 4.151 3.837 3.566 3.330 2500 27 16.330 14.643 13.211 10.935 9.237 7.943 6.935 6.136 5.492 4.964 4.525 4.154 3.839 3.567 3.331 2.500 28 16,663 14 898 13.406 11.051 9.307 7984 6.961 6.152 5.502 4.970 4.528 4.157 3.840 3,568 3.331 2500 29 16.984 15.141 13.591 11.158 9.370 8022 6 983 6.166 5.510 4975 4.531 4 1593.841 3569 3.332 2500 30 17.292 15.373 13.765 11 258 9.427 8055 7003 6.177 5.517 4979 4534 4160 3.842 3.569 3.332 2500 40 19.793 17.159 15.046 11.925 9.779 8 244 7.105 6.234 5.548 4.997 4.544 4.166 3.846 3.571 3.333 2.500