Net Present Value Analysis Amount DescriptionsPresent Value Tables Schedule of Cash Flows NP Calculation Instructions Emery Communications Company is considering the production and marketing of a communications system that will increase the eTiciency of messaging for small businesses or branch omces af large companies Each unit hooked into the system is assigned a mailbox number which can be matched to a telephone extension number, providing access to messages 24 hours a day. Up to 20 units can be hooked into the system, allowing the delivery of the same message to as many as 20 people. Personal codes can be used to make messages confidential. Furthermore, messages can be reviewed, recorded, canceled, replied to, or deleted all during the same message playback. Indicators wired to the telephone blink whenever new messages are present To produce this product, a 51.75 milion investment in new equipment is required. The equipment will last 10 years but will need major maintenance costing $150,000 at the end of its sixth year. The savage value of the equipment at the end of 10 years is estimated to be $100,000 If this new system is produced, working capital must also ba increased by $90,000. This capital will be restored at the end of the product's 10-year ine cycle. Revanues from the sale of the product are estimated at $1.65 milion per year. Cash operating expenses are estimated at 1.32 million per year Required 1. Prepare a schedue or cean nows for the proposed project. (Asaume that there are no income texes) 2. Assuming that Emery's cost of capital is 12%, compute the project's NPV. Should the product be produced? Amount Descriptions Refer to the list below for the exact wording of an amount description within your schedule. Equipment Major maintenanoe Operating expenses Recavery of working capila Revenues5 Salvage Total Working capital Present Value Tables Two present value tables are providedt Present Value of a Single Amount and Present Value ot an Annuity. Use them as drectad in the problem requirements Present Value of a Single Amount 7% ni 1% 1 0.99010 0.98039 0.087096154 0.95238 0.94340 0.93458 0.92593 091743 0.90909 0.89285 087719 0.86207 0.84746 0 83333 0.80000 076923 2 0.98030 0.96117 0.94260 092456 0.90703 0.89000 0.87344 0.85734 0.84168 0.82545 0.79719 0.76947 0.74316 0.71818 069444 0.64000 0.59172 3 0.97059 0.94232 0.91514 088900 0.86384 0.83952 0.81630 0.79383 077218 0.75131 0.71178 067497 0.64066 0.60863 057870 0.51200 0.45517 4 0.96098 0.92385 0.88849 085480 0.82270 0.T9209 0.76290 0.73503 070843 0.68301 0.63552 0.59208 0.55229 0.51579 0.48225 0.40960 0.35013 5 0.9514 0.90573 0.86261 082193 0.78353 0.74725 0.71299 0.68058 0.64993 0.62092 0.56743 0.51937 0.47611 0.43711 0.40188 0.32768 0.26933 6 0.94205 0.88797 0.83748 079031 0.74622 0.70495 0.66634 0.63017 0.59627 0.56447 0.50663 0.45559 0.41044 0.37043 033490 0.26214 0.20718 0.93272 0.87056 0.81309 0.75992 0.71068 0.65505 0.62275 0.58349 0.54703 0.51316 0.45235 0.39954 0.35383 0.31393 027908 0.20972 0.15937 8 0.92348 0.85349 0.784 0.73059 0.67684 0.62741 058201 0.54027 0.50187 0.46651 0.40388 0.35056 0.30503 0.26604 023257 0.16777 0.12259 9 0.91434 0.83576 0.76642 070259 0.64461 0.59190 0.54393 0.50025 046043 0.42410 0.35061 0.30751 0.26295 0.22546 0.19381 0.13422 0.09430 10 090529 0.82035 0.74409 0.67556 0.61391 0.55839 0.50835 0.46319 042241 0.38554 0.32197 026974 0.22668 0.19106 0.16151 0.1037 0.0725 11 089632 0.80426 0.72242 0.64958 0.58468 0.52679 0.47509 0.42888 0.38753 0.35049 0.28748 023652 0.19542 0.16192 0.13459 0.08590 0.05580 12 088745 0.78849 0.70138 02460 0.55684 0.49697 0.44401 0.3911 035553 0.31863 0.25668 020756 0.16846 0.13122 0.11216 0.06872 0.04292 13 087856 0.77303 0.68095 0.60057 0.53032 0.46884 0.41496 0.36T7O 0.32618 0.28966 0.22817 0.18207 0.14523 0.11629 0.09346 0.05438 0.03302 14 0.86996 0.75788 0.60112 057748 0.50507 0.44230 038782 0.34046 029825 0 26333 0.20462 0.15971 0.12520 0.09855 007T89 0.04398 0.02540 15 086135 0.74301 0.64185 055526 0.48102 0.41727 036245 0.31524 027454 023939 0.18270 014010 0.10793 0.08352 0.06491 0.03518 001954 16 085282 0.72845 062317 053391 0.45811 039365 0.33873 0.29189 025187 021763 0.16312 0.12289 0.08304 0.07078 0.05409 0.02815 0.01503 7 084438 0.71416 060502 051337 0.43630 037136 0.31657 0.27027 023107 0.19784 0.14564 010780 0.08021 0.0598 0.04507 0.02252 001146 18 083602 0.70016 0.58739 0.49363 0.41552 035034 029586 0.25025 021199 0.17986 0.13004 0.09456 0.06914 0.05083 0.03756 0.01801 0.00889 19 082774 0.68643 05T029 047464 0.39573 0.33051 027651 0.23171 0.19449 0.16351 0.11611 0.08295 0.05139 004308 0.03130 0.01441 0.00684 20 081954 0.67297 0.55368 0.45639 0.37689 0.31180 025842 0.21455 0.17843 0.14864 0.10367 0.07276 0.05139 0.03651 0.02608 0.01153 0.00526 21 081143 0.65978 0.53755 043883 0.35894 0.29416 024151 0.19865 0.16370 0.13513 00925 0.06383 0.04430 0.03094 002174 0.002 0.00405 22 080340 0.64684 0.52189 042196 0.34185 0.27751 022571 0.18394 0.15018 0.12285 008264 0.05599 0.03819 002622 001811 0.00738 0.00311 23 079544 0.63416 0.50669 040573 0.32557 0.26180 021095 0.17032 0.13778 0.11168 00739 0.04911 0.03292 002222 001509 0.00590 0.00239 24 078757 0.62172 0.49193 038012 0.31007 0.24698 0.19715 0.15770 0.12640 0.10153 0.05588 004308 0.02838 0.01883 001258 0.00472 0.00184 9% 5% 6% 8% 10 % 12% 14% 16% 18% 20 25% 30 25 0.9 0.60953 047761 0.37512 0.29530 023300 0.18425 0.14602 0.11597 26 0.77205 0.59758 046369 036069 0.28124 021981 0.17220 0.13520 0.10639 0.08391 0.05252 0.03315 0.02109 0.01352 0.00874 0.00302 0.00109 27 0.76440 0.58586 0.45019 0.34682 0.26785 0.20737 0.16093 0.12519 0.09761 0.07628 0.04689 0.02908 0.01818 0.01146 0.00728 0.00242 0.00084 28 0.75684 0.57437 0.43708 0.33348 0.25509 0.19563 0.15040 0.11591 0.08955 0.06934 0.04187 002551 0.01567 0.00971 0.00607 0.00193 0.00065 29 074934 0.56311 042435 0.32065 0.24295 0.18456 0.14056 0.10733 008215 0.06304 0.03738 0.02237 001351 0.00823 0.00506 0.00155 0.00050 30 0.74192 0.55207 0.41199 0.30832 0.23138 0.17411 0.13137 0.0993 0.07537 0.05731 0.03338 0.01963 0.01165 0.00697 0.00421 0.00124 0.00038 0.09230 0.05882 0.03779 0.02447 0 0.01546 0.01048 0.00378 0.00142 Present Value of an Annuity* 10% 12% 14% 16% 18% 1 0.99010 0.98039 0.97087 0.96154 0.95238 0.94340 0.93458 0.92593 0.91743 0.90909 0.89286 0.87719 0.86207 0.84746 0.83333 0.80000 0.76923 2 1.97040 1.94156 1.91347 1.88609 1.85941 1.83339 180802 1.78326 1.75911 173554 1.69005 164666 1.60523 1.56564 1.52778 1.44000 1.36095 3 2.94099 2.88388 2.82861 2.77509 272325 2.67301 262432 2.57710 253129 2 48685 2.40183 2.32163 2 24589 2.17427 2.10648 195200 1.81611 4 3.90197 3.80773 3.71710 3.62990 3.54595 3.46511 3.38721 3.31213 323972 3.1698T 3.03735 2.91371 279818 2.69006 2.58873 2 36160 2.16624 5 4.85343 4.71346 4.57971 4.45182 4.32948 4.21236 4.10020 3.99271 3.88965 3.79079 3.60478 3.43308 3.27429 3.12717 2.99061 2.68928 2.43557 6 5.79548 5.60143 5.41719 5.24214 5.07569 4.91732 476654 4.62288 4.48592 435526 4.11141 3.88867 3.68474 3.49760 3.32551 2.95142 2.64275 7 6.72819 6.47199 623028 6.00205 5.78637 5.58238 538929 5.20637503295 4 86842 4.56376 4.28830 4.03857 381153 3.60459 3.16114 2.80211 8 7.65168 7.32548 7.01969 6.73274 646321 6.20979 597130 5.74664 5.53482 5.33493 4.96764 4.63886 4 34359 4.07T57 3.83716 3.32891 2.9247 9 8.56602 8.16224 7.78611 7.43533 7.10782 6.80169 651523 6.24689 5.99525 5.75902 5.32825 4.94637 4.60654 4.30302 4.03097 3.46313 3.01900 10 9.47130 8.98259 8.53020 8.11090 7.72173 7.36009 7.02358 6.71008 6.41766 6.14457 5.65022 5.21612 4.83323 4.49409 4.19247 3.57050 3.09154 11 10.36763 9.78685 9.25262 8.76048 8.3064 7.88687 749867 7.13895 680519 6.49506 5.93770 5.45273 5.02864 4.65601 4.32706 3.65640 3.14734 12 1125508 10 57534 9.95400 9.38507 886325 8.38384 794269 7.53608 .16073 681369 6.19437 5.66029 519711 4.79322 4.43922 3.72512 3.19026 13 12.13374 11.34837 10.63496 9.98565 9.39357 8.85268 8.35765 7.90378 7.48690 7.10336 6.42355 5.84236 5.34233 4.90951 4.53268 3.78010 3.22328 14 13.00370 12.10625 11.29607 1056312 9.89864 9.29498 8.74547 8.244247.78615 7.36669 6.62817 6.00207 5.46753 5.00806 4.61057 3.82408 3.24867 15 13.86505 12 84926 11.93794 11.11839 10.37966 9.71225 9.10791 8.55948 805069 7.60608 6.81086 6.14217 5.575465.09158 4.67547 3.85926 3.26821 16 14.7178713 57771 12.56110 11.65230 10.83777 10.10590 9.44665 8.85137 8.31256 782371 6.97399 6.26506 5.66850 5.16235 4.72956 3.88741 3.28324 17 15.56225 14.29187 13.16612 1216567 11.27407 10.47726 9.76322 9.12164 8.54363 8.02155 7.11963 6.37286 5.74870 5.22233 4.77463 3.90993 3.29480 18 16.39827 14.99203 13.75351 1265930 11.68959 10.82760 10.05909 9.37189 8.75563 820141 7.24967 6.46742 5.81785 5.27316 4.81219 3.92794 3.30369 19 17.22601 15.67846 14.32380 13.13394 2.08532 11.15812 0.33560 9.60360 895011 8 36492 7.36578 6.55037 5.87746 5.31624 4.84350 3.94235 3.31053 20 18.04555 16.35143 1487747 13 59033 12.46221 11.46992 10.59401 9.81815 9.12855 851356 7.46944 6.62313 592884 5.35275 4.86958 395388 3.31579 21 18.85698 17.01121 15.41502 14.02916 12.82115 11.76408 10.83553 10.01680 9.29224 8.64869 7.56200 6.686 5.97314 5.38368 4.89132 3.96311 331984 22 19.66038 17.65805 15.93692 14.45112 13.16300 12.04158 11.06124 10.20074 9.44243 8.77154 7.64465 6.74294 6.01133 5.40990 4.90943 3.97049 3.32296 23 20.45582 18 29220 16.44361 14.85584 13.48857 12.30338 1127219 10.37105 9.58021 8.88322 7.71843 6.79205 6.04425 5.43212 4.92453 3.97639 3.32535 24 21.24339 18.91 393 16.93554 15.24596 13.79864 12.55036 11.46933 10.52875 9.70661 8.98474 7.78432 6.83514 6.07263 5.45095 4.93710 3.98111 3.32719 25 22.02316 19.52346 17.41315 15.62208 14.09394 12.78336 11.65358 10.67478 9.8225 9.07704 7.84314 6.87293 6.09709 5.46691 4.94759 3.98489 3.32861 26 22.79520 20.12104 17.07604 15.98277 14.37519 13.00317 11.02578 10.80990 9.92097 9.16095 7.89566 6.90608 6.11818 5.40043 4.95632 3.96791332970 27 23.55961 20.70590 18.32703 16.32959 14.64303 13.21053 11.99671 10.93516 10.02659 923722 794255 6.93515 6.13636 5.49199 4.96360 3.99033 333054 2 24.31844 21 28127 18.76411 16.66306 14.99813 13.40616 12.13711 11.05109 10.11613 9.30657 798442 6.96066 6.15204 550160 496967 3.99226 3.33118 29 25 06579 2194438 19.18945 1698371 15.14107 13.59072 12.27767 11.15841 10.19829 9.36961 9.02191 6.99304 6.16555 550993 4.97472 3.99381333168 30 2590771 22 39846 19 80044 729203 15 37245 13.76483 12 40904 11.25778 10.27365 942891 8 05518 7.00268 6.17720 551691 497894 3.99505 333206 Schedule of Cash Flows 1 Prepare a schedue af cash ows far the proposed project (Assume that there are no income faxes Refer to the list of Amoun Descriptions for the exact wording af fex! dems within your schedue N an amoun! is negative or an oufow, wst enfer a mus aign Schedule of Cash Flaws Year s Working capital Total Years 1-5 6Operating expenses TRewenues 8 Total Year6 Operating expenses L. Revenues aj maintenance 3 Total Years 7-9 Operatingexpenses 17 Total Year 10 9 RevenUES Operating expenses Savage 22Recovery of working capita. 5 Total NPV Calculation he projects NPY. 2 a Assuming at Emery cost o capta minus sign ( The NPV of the project is S 2%, comp te he project'9 N V. Fara scount actors use the tables shown l Present Vai e Tables tab Round the resent ve e ca cula on and your neanswer to ine ole do ar.an an ount rst enter a s earea nege ve. 21b) Shoud the product be produced? Yesthe new product should be produced Net Present Value Analysis Amount DescriptionsPresent Value Tables Schedule of Cash Flows NP Calculation Instructions Emery Communications Company is considering the production and marketing of a communications system that will increase the eTiciency of messaging for small businesses or branch omces af large companies Each unit hooked into the system is assigned a mailbox number which can be matched to a telephone extension number, providing access to messages 24 hours a day. Up to 20 units can be hooked into the system, allowing the delivery of the same message to as many as 20 people. Personal codes can be used to make messages confidential. Furthermore, messages can be reviewed, recorded, canceled, replied to, or deleted all during the same message playback. Indicators wired to the telephone blink whenever new messages are present To produce this product, a 51.75 milion investment in new equipment is required. The equipment will last 10 years but will need major maintenance costing $150,000 at the end of its sixth year. The savage value of the equipment at the end of 10 years is estimated to be $100,000 If this new system is produced, working capital must also ba increased by $90,000. This capital will be restored at the end of the product's 10-year ine cycle. Revanues from the sale of the product are estimated at $1.65 milion per year. Cash operating expenses are estimated at 1.32 million per year Required 1. Prepare a schedue or cean nows for the proposed project. (Asaume that there are no income texes) 2. Assuming that Emery's cost of capital is 12%, compute the project's NPV. Should the product be produced? Amount Descriptions Refer to the list below for the exact wording of an amount description within your schedule. Equipment Major maintenanoe Operating expenses Recavery of working capila Revenues5 Salvage Total Working capital Present Value Tables Two present value tables are providedt Present Value of a Single Amount and Present Value ot an Annuity. Use them as drectad in the problem requirements Present Value of a Single Amount 7% ni 1% 1 0.99010 0.98039 0.087096154 0.95238 0.94340 0.93458 0.92593 091743 0.90909 0.89285 087719 0.86207 0.84746 0 83333 0.80000 076923 2 0.98030 0.96117 0.94260 092456 0.90703 0.89000 0.87344 0.85734 0.84168 0.82545 0.79719 0.76947 0.74316 0.71818 069444 0.64000 0.59172 3 0.97059 0.94232 0.91514 088900 0.86384 0.83952 0.81630 0.79383 077218 0.75131 0.71178 067497 0.64066 0.60863 057870 0.51200 0.45517 4 0.96098 0.92385 0.88849 085480 0.82270 0.T9209 0.76290 0.73503 070843 0.68301 0.63552 0.59208 0.55229 0.51579 0.48225 0.40960 0.35013 5 0.9514 0.90573 0.86261 082193 0.78353 0.74725 0.71299 0.68058 0.64993 0.62092 0.56743 0.51937 0.47611 0.43711 0.40188 0.32768 0.26933 6 0.94205 0.88797 0.83748 079031 0.74622 0.70495 0.66634 0.63017 0.59627 0.56447 0.50663 0.45559 0.41044 0.37043 033490 0.26214 0.20718 0.93272 0.87056 0.81309 0.75992 0.71068 0.65505 0.62275 0.58349 0.54703 0.51316 0.45235 0.39954 0.35383 0.31393 027908 0.20972 0.15937 8 0.92348 0.85349 0.784 0.73059 0.67684 0.62741 058201 0.54027 0.50187 0.46651 0.40388 0.35056 0.30503 0.26604 023257 0.16777 0.12259 9 0.91434 0.83576 0.76642 070259 0.64461 0.59190 0.54393 0.50025 046043 0.42410 0.35061 0.30751 0.26295 0.22546 0.19381 0.13422 0.09430 10 090529 0.82035 0.74409 0.67556 0.61391 0.55839 0.50835 0.46319 042241 0.38554 0.32197 026974 0.22668 0.19106 0.16151 0.1037 0.0725 11 089632 0.80426 0.72242 0.64958 0.58468 0.52679 0.47509 0.42888 0.38753 0.35049 0.28748 023652 0.19542 0.16192 0.13459 0.08590 0.05580 12 088745 0.78849 0.70138 02460 0.55684 0.49697 0.44401 0.3911 035553 0.31863 0.25668 020756 0.16846 0.13122 0.11216 0.06872 0.04292 13 087856 0.77303 0.68095 0.60057 0.53032 0.46884 0.41496 0.36T7O 0.32618 0.28966 0.22817 0.18207 0.14523 0.11629 0.09346 0.05438 0.03302 14 0.86996 0.75788 0.60112 057748 0.50507 0.44230 038782 0.34046 029825 0 26333 0.20462 0.15971 0.12520 0.09855 007T89 0.04398 0.02540 15 086135 0.74301 0.64185 055526 0.48102 0.41727 036245 0.31524 027454 023939 0.18270 014010 0.10793 0.08352 0.06491 0.03518 001954 16 085282 0.72845 062317 053391 0.45811 039365 0.33873 0.29189 025187 021763 0.16312 0.12289 0.08304 0.07078 0.05409 0.02815 0.01503 7 084438 0.71416 060502 051337 0.43630 037136 0.31657 0.27027 023107 0.19784 0.14564 010780 0.08021 0.0598 0.04507 0.02252 001146 18 083602 0.70016 0.58739 0.49363 0.41552 035034 029586 0.25025 021199 0.17986 0.13004 0.09456 0.06914 0.05083 0.03756 0.01801 0.00889 19 082774 0.68643 05T029 047464 0.39573 0.33051 027651 0.23171 0.19449 0.16351 0.11611 0.08295 0.05139 004308 0.03130 0.01441 0.00684 20 081954 0.67297 0.55368 0.45639 0.37689 0.31180 025842 0.21455 0.17843 0.14864 0.10367 0.07276 0.05139 0.03651 0.02608 0.01153 0.00526 21 081143 0.65978 0.53755 043883 0.35894 0.29416 024151 0.19865 0.16370 0.13513 00925 0.06383 0.04430 0.03094 002174 0.002 0.00405 22 080340 0.64684 0.52189 042196 0.34185 0.27751 022571 0.18394 0.15018 0.12285 008264 0.05599 0.03819 002622 001811 0.00738 0.00311 23 079544 0.63416 0.50669 040573 0.32557 0.26180 021095 0.17032 0.13778 0.11168 00739 0.04911 0.03292 002222 001509 0.00590 0.00239 24 078757 0.62172 0.49193 038012 0.31007 0.24698 0.19715 0.15770 0.12640 0.10153 0.05588 004308 0.02838 0.01883 001258 0.00472 0.00184 9% 5% 6% 8% 10 % 12% 14% 16% 18% 20 25% 30 25 0.9 0.60953 047761 0.37512 0.29530 023300 0.18425 0.14602 0.11597 26 0.77205 0.59758 046369 036069 0.28124 021981 0.17220 0.13520 0.10639 0.08391 0.05252 0.03315 0.02109 0.01352 0.00874 0.00302 0.00109 27 0.76440 0.58586 0.45019 0.34682 0.26785 0.20737 0.16093 0.12519 0.09761 0.07628 0.04689 0.02908 0.01818 0.01146 0.00728 0.00242 0.00084 28 0.75684 0.57437 0.43708 0.33348 0.25509 0.19563 0.15040 0.11591 0.08955 0.06934 0.04187 002551 0.01567 0.00971 0.00607 0.00193 0.00065 29 074934 0.56311 042435 0.32065 0.24295 0.18456 0.14056 0.10733 008215 0.06304 0.03738 0.02237 001351 0.00823 0.00506 0.00155 0.00050 30 0.74192 0.55207 0.41199 0.30832 0.23138 0.17411 0.13137 0.0993 0.07537 0.05731 0.03338 0.01963 0.01165 0.00697 0.00421 0.00124 0.00038 0.09230 0.05882 0.03779 0.02447 0 0.01546 0.01048 0.00378 0.00142 Present Value of an Annuity* 10% 12% 14% 16% 18% 1 0.99010 0.98039 0.97087 0.96154 0.95238 0.94340 0.93458 0.92593 0.91743 0.90909 0.89286 0.87719 0.86207 0.84746 0.83333 0.80000 0.76923 2 1.97040 1.94156 1.91347 1.88609 1.85941 1.83339 180802 1.78326 1.75911 173554 1.69005 164666 1.60523 1.56564 1.52778 1.44000 1.36095 3 2.94099 2.88388 2.82861 2.77509 272325 2.67301 262432 2.57710 253129 2 48685 2.40183 2.32163 2 24589 2.17427 2.10648 195200 1.81611 4 3.90197 3.80773 3.71710 3.62990 3.54595 3.46511 3.38721 3.31213 323972 3.1698T 3.03735 2.91371 279818 2.69006 2.58873 2 36160 2.16624 5 4.85343 4.71346 4.57971 4.45182 4.32948 4.21236 4.10020 3.99271 3.88965 3.79079 3.60478 3.43308 3.27429 3.12717 2.99061 2.68928 2.43557 6 5.79548 5.60143 5.41719 5.24214 5.07569 4.91732 476654 4.62288 4.48592 435526 4.11141 3.88867 3.68474 3.49760 3.32551 2.95142 2.64275 7 6.72819 6.47199 623028 6.00205 5.78637 5.58238 538929 5.20637503295 4 86842 4.56376 4.28830 4.03857 381153 3.60459 3.16114 2.80211 8 7.65168 7.32548 7.01969 6.73274 646321 6.20979 597130 5.74664 5.53482 5.33493 4.96764 4.63886 4 34359 4.07T57 3.83716 3.32891 2.9247 9 8.56602 8.16224 7.78611 7.43533 7.10782 6.80169 651523 6.24689 5.99525 5.75902 5.32825 4.94637 4.60654 4.30302 4.03097 3.46313 3.01900 10 9.47130 8.98259 8.53020 8.11090 7.72173 7.36009 7.02358 6.71008 6.41766 6.14457 5.65022 5.21612 4.83323 4.49409 4.19247 3.57050 3.09154 11 10.36763 9.78685 9.25262 8.76048 8.3064 7.88687 749867 7.13895 680519 6.49506 5.93770 5.45273 5.02864 4.65601 4.32706 3.65640 3.14734 12 1125508 10 57534 9.95400 9.38507 886325 8.38384 794269 7.53608 .16073 681369 6.19437 5.66029 519711 4.79322 4.43922 3.72512 3.19026 13 12.13374 11.34837 10.63496 9.98565 9.39357 8.85268 8.35765 7.90378 7.48690 7.10336 6.42355 5.84236 5.34233 4.90951 4.53268 3.78010 3.22328 14 13.00370 12.10625 11.29607 1056312 9.89864 9.29498 8.74547 8.244247.78615 7.36669 6.62817 6.00207 5.46753 5.00806 4.61057 3.82408 3.24867 15 13.86505 12 84926 11.93794 11.11839 10.37966 9.71225 9.10791 8.55948 805069 7.60608 6.81086 6.14217 5.575465.09158 4.67547 3.85926 3.26821 16 14.7178713 57771 12.56110 11.65230 10.83777 10.10590 9.44665 8.85137 8.31256 782371 6.97399 6.26506 5.66850 5.16235 4.72956 3.88741 3.28324 17 15.56225 14.29187 13.16612 1216567 11.27407 10.47726 9.76322 9.12164 8.54363 8.02155 7.11963 6.37286 5.74870 5.22233 4.77463 3.90993 3.29480 18 16.39827 14.99203 13.75351 1265930 11.68959 10.82760 10.05909 9.37189 8.75563 820141 7.24967 6.46742 5.81785 5.27316 4.81219 3.92794 3.30369 19 17.22601 15.67846 14.32380 13.13394 2.08532 11.15812 0.33560 9.60360 895011 8 36492 7.36578 6.55037 5.87746 5.31624 4.84350 3.94235 3.31053 20 18.04555 16.35143 1487747 13 59033 12.46221 11.46992 10.59401 9.81815 9.12855 851356 7.46944 6.62313 592884 5.35275 4.86958 395388 3.31579 21 18.85698 17.01121 15.41502 14.02916 12.82115 11.76408 10.83553 10.01680 9.29224 8.64869 7.56200 6.686 5.97314 5.38368 4.89132 3.96311 331984 22 19.66038 17.65805 15.93692 14.45112 13.16300 12.04158 11.06124 10.20074 9.44243 8.77154 7.64465 6.74294 6.01133 5.40990 4.90943 3.97049 3.32296 23 20.45582 18 29220 16.44361 14.85584 13.48857 12.30338 1127219 10.37105 9.58021 8.88322 7.71843 6.79205 6.04425 5.43212 4.92453 3.97639 3.32535 24 21.24339 18.91 393 16.93554 15.24596 13.79864 12.55036 11.46933 10.52875 9.70661 8.98474 7.78432 6.83514 6.07263 5.45095 4.93710 3.98111 3.32719 25 22.02316 19.52346 17.41315 15.62208 14.09394 12.78336 11.65358 10.67478 9.8225 9.07704 7.84314 6.87293 6.09709 5.46691 4.94759 3.98489 3.32861 26 22.79520 20.12104 17.07604 15.98277 14.37519 13.00317 11.02578 10.80990 9.92097 9.16095 7.89566 6.90608 6.11818 5.40043 4.95632 3.96791332970 27 23.55961 20.70590 18.32703 16.32959 14.64303 13.21053 11.99671 10.93516 10.02659 923722 794255 6.93515 6.13636 5.49199 4.96360 3.99033 333054 2 24.31844 21 28127 18.76411 16.66306 14.99813 13.40616 12.13711 11.05109 10.11613 9.30657 798442 6.96066 6.15204 550160 496967 3.99226 3.33118 29 25 06579 2194438 19.18945 1698371 15.14107 13.59072 12.27767 11.15841 10.19829 9.36961 9.02191 6.99304 6.16555 550993 4.97472 3.99381333168 30 2590771 22 39846 19 80044 729203 15 37245 13.76483 12 40904 11.25778 10.27365 942891 8 05518 7.00268 6.17720 551691 497894 3.99505 333206 Schedule of Cash Flows 1 Prepare a schedue af cash ows far the proposed project (Assume that there are no income faxes Refer to the list of Amoun Descriptions for the exact wording af fex! dems within your schedue N an amoun! is negative or an oufow, wst enfer a mus aign Schedule of Cash Flaws Year s Working capital Total Years 1-5 6Operating expenses TRewenues 8 Total Year6 Operating expenses L. Revenues aj maintenance 3 Total Years 7-9 Operatingexpenses 17 Total Year 10 9 RevenUES Operating expenses Savage 22Recovery of working capita. 5 Total NPV Calculation he projects NPY. 2 a Assuming at Emery cost o capta minus sign ( The NPV of the project is S 2%, comp te he project'9 N V. Fara scount actors use the tables shown l Present Vai e Tables tab Round the resent ve e ca cula on and your neanswer to ine ole do ar.an an ount rst enter a s earea nege ve. 21b) Shoud the product be produced? Yesthe new product should be produced