need help with question c (7)

A company that manufactures recreational pedal boats has approached Thomas Cichanowski to askif he would be interested in using Current Designs' rotomold expertise and equipment to produce some of the pedal bost components, Thomas is intrigued by the idea and thinks it would be an interesting way of complementing the present product line. One of Thomas's hesitations about the proposal is that the pedal boats area different shape than the kayaks that Current Designs produces. As a result, the company would need to bury an additional rotomold oven in order to produce the pedal boat components. This project clearly imvolves risks, and Thomas wants to make sure that the returns justify the risks. In this case, since this is a new venture, Thomas thinks that a 15\% discount rate is appropriate to use to evaluate the project. As an intern at Current Designs, Thomas has asked you to prepare an initial evaluation of this proposal. To aid in your analysis, he has provided the following information and assumptions. 1. The new rotomold oven will have a cost of $302,000, a salvage value of $0, and an 8 -year useful lite. Straight-line depreciation will be used. 2. The projected revenues, costs, and results for each of the 8 years of this project are as follows. 2. The projected revenues, costs, and results for each of the 8 years of this project are as follows. Click here to view PV tabie Compute the payback period. (Round answer to 2 decimal places, eg. 15.25.) Payback period years eTextbook and Media Attempts: 1 of 3 use Question Part Score Compute the net present value using a discount rate of 8%. (If the net present value Is negative, use either a negative sign preceding number eg - 45 or parentheses eg (45). Round answer to 0 decimal places, eg. 125. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Net present value Compute the net present value using a discount rate of 8%. of the net present value is negotive; use either a negative sign preceding the number eg - 45 or parentheses eg (45). Round answer to 0 decimal places, eg. 125. For calculation purposes, use 5 decimal places as disployed in the foctor table provided) Net present value Should the proposal be accepted using this discount rate? the proposal eTextbook and Media Last saved 2 hours ago. Attempts: 0 of 3 used Question Part Score (d) The parts of this question must be completed in order. This part will be available when you complete the part above