LES Present Value of $1.00 Period 3% 1% 5% 6% 7% 8% 9% 10% 11% 1 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.901 2 0.943 0.925 0.907 0.890 0.873 0.857 0.842 0.826 0.812 3 0.915 0.889 0.864 0.840 0.816 0.794 0.772 0.751 0.731 4 0.888 0.855 0.823 0.792 0.763 0.735 0.708 0.683 0.659 01 0.863 0.822 0.784 0.747 0.713 0.681 0.650 0.621 0.593 6 0.837 0.790 0.746 0.705 0.666 0.630 0.596 0.564 0.535 7 0.813 0.76 0.711 0.665 0.623 0.583 0.547 0.513 0.482 8 0.789 0.731 0.677 0.627 0.582 0.540 0.502 0.467 0.434 Present Value of an Annuity of $1.00 Period 3% 4% 5% 6% 7% 8% 9% 10% 11% 1 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.901 2. 1.913 1.886 1.859 1.833 1.808 1.783 1.759 1.736 1.713 3 2.829 2.775 2.723 2.673 2.624 2.577 2.531 2.487 2.444 4 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.170 3.102 5 4.580 4.452 4.329 4.212 4.100 3.993 3.890 3.791 3.6963 6 5.417 5.242 5.076 4.917 4.767 4.623 4.486 4.355 4.231 7 6.230 6.002 5.786 5.582 5.389 5.206 5.033 4.868 4.712 00 7.020 6.733 6.463 6.210 5.971 5.747 5.535 5.335 5.146 X Company is considering replacing one of its machines in order to save operating costs. The following information is available: $7,000 Current machine Current sales value Final sales value Operating costs 0 66,000 New machine Purchase $69,000 cost Final 2,500 sales value Operating cost 19,000 savings Both machines will last for 4 more years. Assuming a discount rate of 6%, what is the incremental net present value of replacing the current machine with the new machine? Submit Answer Tries 0/3