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Pharoah Company is considering three long-term capital investment proposals. Each investment has a useful life of 5 years. Relevant data on each project are as

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Pharoah Company is considering three long-term capital investment proposals. Each investment has a useful life of 5 years. Relevant data on each project are as follows. Depreciation is computed by the straight-line mothod with no salvage value. The company's cost of capital is 15\%. (Assume that cash flows occur evenly throughout the year) Compute the cash payback period for each project. (Round onswers to 2 decimal places, es. 10.50) Project Bono Project Edge Project Clayton years years years Compute the net present value for each project. (Round onswers fo 0 decimal places, es. 125 . If the net present value is negotive, use either a negotive sisn preceding the number es -45 or parentheies es (45). For colculation purposes, use 5 decinal places as displayed in the factor toble provided.) Compute the net present value for each project. (Round answers to 0 decimal ploces, es. 125, If the net present value is negotive, use el ther a negotive sisn precedins the number \& 45 or parentheses es (45). For calcuiation purposes, use 5 decimal places as disployed in the foctor table provided! eTextbook and Media 2 decimalphoceses 10.50% ) Rank the projects on each of the foregoing bases. Which project do you recommend? TABLE, 1 Future Value of 1 \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|} \hline & & & & & & & & & & \\ \hline Periods & 4x & 3N. & 666 & 2% & 8% & 96 & 10% & 11% & 12% & 15% \\ \hline 0 & 1.00000 & 1.00600 & 1.00000 & \( \longdiv { 1 . 0 0 0 0 0 } \) & 1.00000 & 1.00000 & 1.00000 & 1.00000 & 1.00000 & 1.00000 \\ \hline 1 & 1.04000 & 1.05000 & 1.06000 & 1.07000 & 1.08000 & 1.09000 & 1.10000 & 1.11000 & 1.12000 & 1.15000 \\ \hline 2 & 108160 & 1.10250 & 1.12360 & 1.14490 & 1.16640 & 1.18810 & 121000 & 1.23210 & 1.25440 & 133250 \\ \hline 3 & 1.12486 & 115763 & 1.19102 & 1:22504 & 1.25971 & 1.29503 & 1.39100 & 136763 & 1. 40493 & +52085 \\ \hline 4 & 1.16986 & t.21551 & 126248 & istoso & 136049 & 1.41158 & 1.46410 & 1.51307 & 1.57352 & 1.74901 \\ \hline 5 & 1.21665 & 1.2 & 1.33827 & 1.40255 & 1.46933 & 1.53862 & 1.61051 & 1.68506 & 1.76234 & 201136 \\ \hline 6 & 1,26532 & 1.34010 & 141852 & 150073 & 1,58687 & 1.67710 & 1.77156 & 1.87041 & 1.97352 & 2.31306 \\ \hline 7 & 131593 & 1.40710 & & 1.60578 & & & 194 & 20 & 2. & 2.66002 \\ \hline 8 & 136857 & 1.47746 & 1.59385 & 1.71819 & 1.85093 & 1.99256 & 2.14359 & 2.30454 & 2.47596 & 3.05902 \\ \hline 9 & 1.42331 & 1.55133 & 1.68948 & 183846 & 1.99000 & 2.17189 & 2.35795 & 255803 & 272308 & 3.51788 \\ \hline 10 & 1.48024 & 162859 & 179055 & 196715 & 2.15892 & 2.36736 & 2.59374 & 2.93942 & 3.10585 & 404550 \\ \hline 11 & 1.53945 & 1.71034 & 1.89830 & 2.10485 & 2.33164 & 2.58043 & 2.85312 & 3.15176 & 3.47855 & 4.65239 \\ \hline 12 & 1.00103 & 1.79586. & 2.01220 & 2.25219 & 2.51817 & 281267 & 3.13843 & 3.49845 & 3.59598 & 5,35025 \\ \hline 13 & 1.06507 & \begin{tabular}{r} 1.85565 \\ \end{tabular} & 2.13293 & 2.40985 & 2.71962 & 3.06581 & 3.45227 & 3,88328 & \begin{tabular}{r} 4.36349 \\ 9 \end{tabular} & 6,15279 \\ \hline 14 & 1.2468 & 197993 & 2.26090 & 257853 & 2.93719 & 3.34173 & 3.79750 & 4.31044 & 4.88711 & 2.07571 \\ \hline 15 & 1.80004 & 2.07893 & 2.39636 & 275903 & 3.17217 & 3.64248 & 4.1725 & 4,78459 & 5,47357 & 8,13706 \\ \hline 16 & 1.57298 & 2.15287 & 2.54035 & 2.95216 & 3.42594 & 3.97031 & 459497 & 5.31059 & 6.13039 & 935762 \\ \hline 17 & 1,94790 & & & & & & & & 6.86604 & 10.76126 \\ \hline is. & 202582 & 2.40602 & 285494 & 3.37993 & 3.09602 & 4.71712 & 5,55992 & 654355 & 7.68997 & 12.37 \\ \hline 19 & 2.10085 & 252095 & 302560 & 3.61653 & 4.31570 & 5.14166 & 6.11591 & 726334 & 861276 & 1423177 \\ \hline 20 & 2.19112 & 265330 & 320214 & 3.86968 & 4.60000 & 5.60441 & 6.72250 & 8.06231 & 9.64629 & 16.6054 \\ \hline \end{tabular} TARLE 2 Future Value of an Annuity of 1 \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|} \hline Payments. & & & & & & & & & & \\ \hline Payments: & 46 & 5\% & ate & 75 & 84E & & 10% & 11% & 126 & 155 \\ \hline 1 & 1,00000 & 1.00000 & 100000 & 1.0000 & 1.00000 & 1.00000 & 1.00000 & 1.00000 & 1.00000 & 1.00000 \\ \hline 2 & 2.04000 & 2.05000 & 2.06000 & 2.0700 & 2.08000 & 2.09000 & 2.10000 & 2,11000 & 2.12000 & 215000 \\ \hline 3 & 3.12160 & 3.15250 & 3.18360 & 3.2149 & 324640 & 327810 & 3.31000 & 3.34210 & 337440 & 3.47250 \\ \hline 4 & 424646 & 431013 & 4,37462 & 4.4109 & 450011 & 457313 & 4.64100 & 4,70973 & 4.77933 & 4.99 \\ \hline 5 & 5.41632 & 352563 & 5.63709 & 5.7507 & 586660 & 5.98471 & 6.10510 & 6.22780 & & \\ \hline 8 & 663298 & 6.80191 & 6.97532 & 7.1531 & 733592 & 7.52334 & 7.71561 & 7.91286 & 19 & 74 \\ \hline 7 & 7.89829 & 5.14201 & 8.39394 & 8.65+0 & 8.922$0 & 9.20044 & 9.48717 & 9.78 & $901 & 11.0 \\ \hline 8 & 9,21423 & 9.54911 & 989747 & 10.2508 & 10.63663 & 11.02847 & 11,435 & 11.85 & 12.29969 & 13,72682 \\ \hline 9 & 1058280 & 11.02656 & 11.49132 & 11.9780 & 12+8756 & 13.02104 & 13.57948 & & 7566 & \\ \hline 10 & 12.00611 & 12.57 & 13.18079 & 13.8164 & 14.48656 & 15.19293 & 15,93743 & 16.72201 & 17.54574 & 20 \\ \hline 11 & 13.40635: & 1420 & & & 16.64549 & 1756029 & 18.53117 & 19.56143 & 20.65458 & 24,34928 \\ \hline 12 & 15.0 & 713 & 16.86004 & 178 & 18 & 72 & 21.35428 & 2271319 & 24.13 & 29.60107 \\ \hline 13 & 1002634 & 17.71298 & 15.88214 & 20.1406 & 21.49530 & 2295339 & 24.52271 & 26.21164 & 28,02 & 3435192 \\ \hline 14 & 18.29191 & 19.59863 & 21.01507 & 225505 & 24,21492 & 26.01919 & 27,97498 & 1002492 & 32.19260 & \\ \hline is & 30.02359 & 21.57856 & 25.27597 & 25.1290 & 27,15211 & 29.36092 & 3177248 & 34,40536 & 37.27972 & 47,58041 \\ \hline 16 & 21.82453 & 23,65749 & 25.67253 & 27.8881 & 3032428 & 33.00 & 35.94973 & 39.18995 & 4275328 & 55.71747 \\ \hline 17 & 2369751 & 254037 & 28.21288 & 30.8402 & 33.75023 & 36.97351 & 40.5+670 & 44.50054 & 48.88367 & 65,07509 \\ \hline is & 25,04541 & 28,13238 & 30.90565 & 33.9990 & 37.45024 & 4t.10134 & 45.59917 & 50.39593 & 55,74972 & 75.83636 \\ \hline 19 & 27.07123 & 30.53900 & 33.75909 & 37.3790 & 4144626 & 46.01846 & 51.15000 & 56,93949 & 63,43968 & \\ \hline 20 & 29.77608 & 3100595 & 36.78559 & 40.9055 & 45.76195 & 5116012 & 57.27500 & 6420283 & 72,05244 & 102+4358 \\ \hline \end{tabular} TABLE 4 Present Value of an Annuity of 1 \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|} \hline \begin{tabular}{c} (i) \\ Payments \end{tabular} & 46 & 5% & 6% & 7% & 8% & 96 & 10% & 11% & 125 & 15% \\ \hline 1 & 96154 & 95238 & 94340 & 0.93455 & .92593 & 91743 & 90009 & 50000 & 39286 & 86957 \\ \hline 2 & 188609 & 1.85241 & 183339 & 1.80502 & 1.78326 & 1.75911 & 1.73554 & 1.71252 & 1.60005 & 1,62571 \\ \hline 3 & 277509 & 272325 & 267301 & 262432 & 257710 & 2,53130 & 2,48685 & 2.44371 & 240183 & 228323 \\ \hline 4 & 362900 & 3.54595 & 3.46511 & 334721 & 331213 & 3.23972 & 3.16986 & 3,10245 & 303735 & 2.85498 \\ \hline 5 & 445182 & 432945 & 4.21236 & 4.10020 & 109271 & 3.89965 & 3,70079 & 3.69590 & 3.00478 & 3,35216 \\ \hline 0 & 524214 & 507569 & 491732 & 476654 & 462288 & 448592 & 435526 & 423054 & 411141 & 378448 \\ \hline 7 & 6.00205 & 5.75637 & 558238 & 5.38929 & 520637 & 5.03295 & 4.86842 & 4.71220 & 4.56376 & 4.16042 \\ \hline 8. & 6.7327s & 0.40321 & 6.20979 & 597130 & 5.74664 & 5.53482 & 533493 & 5,14012 & 4.96764 & 4.45732 \\ \hline 9 & 7,43533 & 2.10782 & 6.90169 & 0.51523 & 6.24659 & 599525 & 575002 & 553705 & 5.32825 & 4.77158 \\ \hline 10 & 811090 & 2.72173 & 736009 & 702358 & 6.71008 & 641766 & 6. 14457 & 5.84023 & 565022 & 504877 \\ \hline 11 & 8.76048 & 8.30641 & 783687 & 7.69567 & 7.13896 & 6.30519 & 6.49506 & 6.20052 & 5.9370 & 523371 \\ \hline 12 & 9.38507 & 886325 & 835384 & 7.94269 & 753604 & 7.16073 & 68130% & 6.49236 & 6.19437 & 5.42002 \\ \hline 13 & 993565 & 939357 & 885268 & 8.35765 & 790378 & 7+4600 & 7.10336 & 6,74967 & 6. 12355 . & 5.58315 \\ \hline 14 & 1056312 & 989064 & 020498 & 8.74547 & 8.24424 & 17.78615 & 7.30000 & 6.95157 & 602517 & 5.72+48 \\ \hline 15 & 11.11839 & 10.37966 & 9.71225 & 910791 & 855946 & 8.06069 & 7.00608 & 7. 19057 & bsioes & 54737 \\ \hline 16 & 11.65230 & & 10.10890 & 944605 & 8.85137 & 83126 & 782371 & 7,37916 & 6.97399 & 5.95424 \\ \hline 17 & 1216567 & 1127407 & 10.47726 & 97032 & 9.12164 & 354363 & 8.02155 & 7,54879 & 7.11903 & .604716 \\ \hline 18. & 1265930 & 1166959 & 1082760 & 1005069 & 937180 & 875563 & 8.20141 & 720102 & 774907 & 612797 \\ \hline 19 & is.3ye4 & 1200532 & 11,35512 & 1033560 & 960360 & 8.95012 & 86i02 & 7.8392% & 7,26578 & 619825 \\ \hline 20 & 1359083 & 1240221 & 11.46992 & to s9401 & 931815 & 9.12555 & .51356 & 7,90333 & 7.4054 & n.25913 \\ \hline \end{tabular}

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