Net Present ValueCarsen Sorensen,

controller of Thayn Company, just received the following data

associated with production of a new product:The present value

tables provided in Exhibit $19$B$\mathrm{.}1$ and Exhibit $19$B$\mathrm{.}2$ must be used to

solve the following problems.

Required:$1.$

Estimate the annual cash flows for the new product. Enter cash

outflows as negative amounts and cash inflows as positive

amounts$\mathrm{.}2.$

Using the estimated annual cash flows, calculate the NPV$.$

$$3.$ What

if revenues were overestimated by $$148,000?$ Redo the

NPV analysis, correcting for this error. Assume the operating

expenses remain the same. Enter cash outflows as negative amounts

and cash inflows as positive amounts.