Les Moore retired as president of Goodman Snack Foods Company but is currently on a consulting contract for $52,000 per year for the next 11 years. Use Appendix B and Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. If Mr. Moore's opportunity cost (potential return) is 9 percent, what is the present value of his consulting contract? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value b. Assuming Mr. Moore will not retire for two more years and will not start to receive his 11 payments until the end of the third year what would be the value of his deferred annuity? (Do not round intermediate calculations, Round your final answer to 2 decimal places.) Present value What is the present value of a 9-year annuity of $4,000 per period in which payments come at the beginning of each period? The interest rate is 13 percent. Use Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. When using Appendix D to find the present value of this annuity due, subtract 1 from n and add to the table value. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value Appendix Present value of $1, PV PV-F Percent Porlod 1% 5% 6% 0.990 0.980 0.971 0.961 0.951 0.942 0.933 0.923 0.914 0.905 0.896 0.887 0.879 0.870 0.861 0.853 0.844 0.836 0.828 0.820 0.780 0.742 0.672 0.608 0.980 0.961 0.942 0.924 0.906 0.888 0.871 0.853 0.837 0.820 0.804 0.788 0.773 0.758 0.743 0.728 0.714 0.700 0.686 0.673 0.610 0.552 0.453 0.372 3% 0.971 0.943 0.915 0.888 0.863 0.837 0.813 0.789 0.766 0.744 0.722 0.701 0.681 0.661 0.642 0.623 0.605 0.587 0.570 0.554 0.478 0.412 0.307 0.228 4% 0.962 0.925 0.889 0.855 0.822 0.790 0.760 0.731 0.703 0.676 0.650 0.625 0.601 0.577 0.555 0.534 0.513 0.494 0.475 0.456 0.375 0,308 0.208 0.141 0.952 0.907 0.864 0.823 0.784 0.746 0.711 0.677 0.645 0.614 0.585 0.557 0.530 0.505 0.481 0.458 0.436 0.416 0.396 0.377 0.295 0.231 0.142 0,087 0.943 0.890 0.840 0.792 0.747 0.705 0.665 0.627 0.592 0.558 0.527 0.497 0.469 0.442 0.417 0.394 0.371 0.350 0.331 0.312 0.233 0.174 0.097 0.054 7% 8% 0.935 0 .926 0.873 0.857 0.816 0.794 0.763 0.735 0.713 0.681 0.666 0.630 0.623 0.583 0.582 0540 0.544 0.500 0.508 0.463 0.475 0.444 0.397 0.4150.368 0.3880.340 0.362 0.315 03390292 0.3170.270 0.296 0.250 0.277 0.232 0.258 0.215 0.184 0.146 0.131 0.099 0.067 0.046 0.034 0.021 9% 0.917 0.842 0.772 0.708 0.650 0.596 0.547 0.502 0.460 0.422 0.388 0.356 0.326 0.299 0.275 0.252 0.231 0.212 0.194 0.178 0.116 0.075 0.032 0.013 10% 11% 0.9090 901 0.826 0.812 0.751 0.731 0.683 0.659 0.621 0.593 0.564 0.535 0.513 0.482 0.467 0.434 0.424 0.391 0.386 0.352 0.350 0.317 0.319 0.286 0.290 0.258 0.263 0.232 0.239 0.209 0.218 0.188 0.170 0.180 0.153 0.164 0.138 0.149 0.124 0.092 0.074 0.057 0.044 0.022 0.015 0.009 0.005 12% 0893 0.797 0.712 0636 0.567 0.507 0.452 0.404 0.361 0.322 0.287 0.257 0.229 0.205 0.183 0.163 0.146 0.130 0.116 0.104 0.059 0.033 0.011 0.003 0.198 Appendix D Present value of an annuity of $1, PV P Period 3% 156 0.990 1.970 2.941 3.902 4.853 5.795 6.728 7.652 8,566 9.471 10.368 11.255 12.134 13.004 13.865 14.718 15.562 16.398 17.226 18.046 22.023 25.808 32.835 39.196 0.980 1.942 2884 3.808 4.713 5.601 6.472 7.325 8.162 8.983 9.787 10.575 11.348 12.106 12.849 13.578 14.292 14.992 15.678 16.351 19.523 22 396 27.355 31.424 0.971 1.913 2829 3.717 4.580 5.417 6.230 7.020 7.786 8.530 9.253 9.954 10.635 11.296 11.938 12.561 13.166 13.754 14.324 14.877 17413 19.600 23.115 25.730 0.962 1.886 2.775 3.630 4.452 5.242 6.002 6.733 7.435 8.111 8.760 9.385 9.986 10.563 11.118 11.652 12.166 12.659 13.134 13.590 15.622 17.292 19.793 21.482 0.952 1.859 2.723 3.546 4.329 5.076 5.786 6.463 7.108 7.722 8.306 8.863 9.394 9.899 10.380 10.838 11.274 11.690 12.085 12.462 14.094 15.372 17.159 18.256 Porcent 7% 0.943 0.935 1.8331.808 2.673 2.624 3.465 3.387 4212 4.100 4.917 4.767 5.582 5.389 6210 5.971 6.802 6.515 7.360 7.024 7887 7.499 8.384 7.943 8.853 8.358 9.295 8.745 9.712 9.108 10.106 9.447 10.477 9.763 10.828 10.059 11.158 10.336 11.470 10.594 12.783 11.654 13.765 12.409 15.046 13.332 15.762 13.801 0.926 1.783 2.577 3.312 3.993 4.623 5.206 5.747 6.247 6.710 7.139 7.536 7.904 8.244 8.559 8.851 9.122 9.372 9.604 9.818 10.675 11.258 11.925 12.233 96 10% . 0.917 0.909 0.901 0.893 1.759 1.736 1.713 590 2.531 2487 240 2002 3.240 3.170 3.102 3.037 3.890 3.791 3.696 3.605 4.486 4.355 4.231 4.111 5.033 4.868 4.712 4.564 5.535 5.335 5.146 468 5 995 5.759 5.537 5.328 6.418 6.145 5.889 5.650 6.805 6.495 6.207 5.938 7.161 6.814 6.492 6.194 7.487 7.103 6.750 6.424 7.786 7.367 6.982 6.628 8.061 7.606 7.191 8.313 7.824 7379 6974 8.544 3.022 75497.120 8.756 8.2017.702 7250 8.950 8.365 7.8397.366 9.129 8.5147.963 7469 9.8239.0778.422 7843 10 274 9.427 8.694 8.055 10.757 9.7798.951 8.244 10.962 9.9159.042 304