Nickys Donut Shop is considering an investment of $100,000. Data related to the investment and present value factors are as follows:

Year	Cash Inflows	Present Value of $1.00
1	$90,000	0.877
2	88,000	0.769
3	64,000	0.675
4	120,000	0.592
5	120,000	0.519

The net present value of the investment is:

		$214,352
		$223,122
		$200,000
		$314,352

Urbana Corporation is considering the purchase of a new machine costing $172,000. The machine would generate net cash inflows of $46,428 per year for 5 years. At the end of 5 years, the machine would have no salvage value. Urbanas cost of capital is 14 percent. Urbana uses straight-line depreciation. The present value factors of annuity of $1.00 for different rates of return are as follows:

Period	12%	14%	16%	18%
4	3.037	2.914	2.798	2.690
5	3.605	3.433	3.274	3.127
6	4.111	3.889	3.685	3.498

The proposals net present value is (rounded to the nearest dollar):

		$(12,613)
		$ -0-
		$(4,627)
		$152,000

Cougar Management Services is considering an investment of $150,000. Data related to the investment are as follows:

Year	Cash Inflows
1	$40,000
2	46,000
3	34,000
4	80,000
5	40,000

The investments payback period in years (rounded to two decimal points) is:

		3.375
		2.000
		2.225
		3.000