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Problem 14-23 (Static) Comprehensive Problem [LO14-1, LO14-2, LO14-3, LO14-5, LO14-6] Lou Barlow, a divisional manager for Sage Company, has an opportunity to manufocture and sell one of two new products for a five year period, His annual pay raises are determined by his division's return on investment (RO), which has exceeded 18% each of the last three years. He has computed the cost and revenue estimates for each product as follows: The company's discount rate is 16% Click here to view Fxhit 148-1 and Exhbit 148-2, to determine the appropriate discount factor using tobles. Required: 1. Caiculate the paybock period for each product. 2. Calculate the net present volue for each product. 3. Calculate the internal rete of return for each product 4. Calculate the profitability index for each product. 5. Colculate the simple rate of return for each product. 60. For each mosasure, identify whether Product A or Product B is prefened. 6b. Based on the simple rate of return, which of the two products should Lou's division accept? Exercise 14A-6 (Static) Basic Present Value Concepts [LO14-7] The Caldwell Heraid nowspaper reported the following story: Frank Ormsby of Caldwell is the state's newest milionaire. By choosing the six winning numbers on last week's state lottery, Mc. Ormsby won the week's grand prize totaling $1.6milion. The State Lottery Commission indicated that Mr. Ormsby will recehve his prize in 20 annual instaliments of $80.000 each. Click here to vew Exhibit 1481 and Exhibit 148-2. to determine the oppropriate discount factor(s) using tables. Required: 1. If Mr, Ormsby can invest money at a 12% rate of return, what is the present value of his winnings? (Enter your answer in dollars and not in mittions of dollars.) Exercise 14A-3 (Static) Basic Present Value Concepts [LO14-7] In three years, when he is discharged from the Air Force, Steve wants to buy an $8,000 power boat Click here to view Eatibit 1481 and Fxtibit 14A.2, 10 determine the appropriate discount factorlsf using tables: Required: What lump-sum amount must Steve invest now to hove the $8,000 ot the end of three years if he can invost money at: (Round your finat answer to the nearest whole dollar amount)