please check if the answer and negative signs are correct or not? p.s dont say already on chegg

EXHIBIT 10-1 Present Value of $1 FR P= (1 + r)" Period 45 SSE 6% 35 10% 125 14% 16% 18% 205 225 245 26% 28% 30% 40% 1 0.962 0.952 0.943 0.926 0.909 0.893 0.877 0.362 0.847 0.833 0.820 0.506 0.794 0.751 0.769 0.714 2 0.925 0.907 0.890 0.857 0.826 0.797 0.769 0.743 0.718 0.694 0.672 0.650 0.630 0.610 0.592 0.510 0.859 0.564 0.840 0.794 0.751 0.712 0.675 0.6+1 0.609 0.579 0.551 0.524 0.500 0.477 0.455 0.367 + 0.855 0.823 0.792 0.735 0.693 0.636 0.592 0.552 0.5 16 0.+52 0.51 0.423 0.397 0.373 0.350 0.260 0.621 0.567 0.519 0.476 0.437 0.402 0.269 0.196 5 6 0.822 0.784 0.747 0.651 0.790 0.746 0.705 0.630 0.760 0.711 0.665 0.583 0.56+ 0.507 0.456 0.410 0.370 0.335 0.207 0.133 7 0.513 0.452 0.400 0.354 0.31+ 0.279 0.159 0.095 09 0.731 0.677 0.627 0.540 0.467 0.404 0.351 0.305 0.266 0.233 0.123 0.068 0.370 0.341 0.315 0.291 0.303 0.275 0.250 0.227 0.249 0.222 0.198 0.178 0.204 0.179 0.157 0.139 0.167 0.144 0.125 0.108 0.137 0.116 0.099 0.085 0.112 0.094 0.079 0.066 0.092 0.076 0.062 0.052 9 0.703 0.645 0.592 0.500 0.424 0.361 0.305 0.263 0.225 0.194 0.094 0.045 0.676 0.614 0.555 0.463 0.356 0.322 0.270 0.227 0.191 0.162 0.073 0.035 10 1 0.650 0.555 0.527 0.429 0.350 0.257 0.237 0.195 0.162 0.135 0.056 0.025 12 0.625 0.553 0.497 0.397 0.319 0.257 0.208 0.168 0.137 0.112 0.043 0.015 13 0.601 0.530 0.145 0.116 0.093 0.075 0.061 0.050 0.040 0.033 0.013 14 0.573 0.505 0.125 0.099 0.078 0.062 0.049 0.039 0.032 0.025 0.009 15 0.355 0.461 0.469 0.368 0.290 0.229 0.182 0.142 0.340 0.263 0.205 0.160 0.417 0.315 0.239 0.163 0.140 0.394 0.292 0.215 0.163 0.123 0.371 0.270 0.198 0.146 0.10S 0.105 0.05+ 0.065 0.051 0.040 0.031 0.025 0.020 0.006 16 0.534 0.458 0.093 0.071 0.054 0.042 0.032 0.025 0.019 0.015 0.005 0.012 0.003 17 0.513 0.436 0.000 0.060 0.045 0.034 0.026 0.020 0.015 IS 0.494 0.416 0.350 0.250 0.150 0.130 0.095 0.069 0.051 0.03S 0.025 0.021 0.016 0.012 0.009 0.002 19 0.475 0.396 0.331 0.232 0.164 0.116 0.083 0.060 0.043 0.031 0.023 0.017 0.012 0.009 0.007 0.002 20 0.456 0.377 0.312 0.215 0.149 0.104 0.073 0.051 0.037 0.026 0.019 0.014 0.010 0.007 0.005 0.001 21 0.439 0.359 0.294 0.199 0.135 0.093 0.064 0.044 0.031 0.022 0.015 0.011 0.005 0.006 0.004 0.001 22 0.422 0.342 0.278 0.15+ 0.123 0.083 0.056 0.035 0.026 0.018 0.013 0.009 0.006 0.004 0.003 0.001 23 0.406 0.320 0.262 0.170 0.112 0.074 0.049 0.033 0.022 0.015 0.010 0.007 0.005 0.003 0.002 24 0.390 0.310 0.247 0.158 0.102 0.066 0.043 0.028 0.019 0.013 0.005 0.006 0.004 0.003 0.002 25 0.092 0.059 0.038 0.024 0.016 0.010 0.007 0.005 0.003 0.002 0.001 0.054 0.000 0.002 0.001 0.375 0.295 0.233 0.146 0.361 0.251 0.220 0.135 0.347 0.265 0.207 0.125 0.333 0.255 0.196 0.116 27 0.076 0.005 0.004 0.002 0.003 0.002 0.002 0.002 0.001 0.001 0.053 0.033 0.021 0.014 0.009 0.047 0.029 0.018 0.01 0.007 0.042 0.026 0.016 0.010 0.006 0.037 0.022 0.014 0.005 0.005 0.069 0.004 0.001 0.001 $ 8 8 8 8 0.321 0.243 0.135 0.107 0.063 0.003 0.002 0.001 0.001 0.305 0.231 0.174 0.099 0.057 0.033 0.020 0.012 0.007 0.004 0.003 0.002 0.001 0.001 0.208 0.142 0.097 0.046 0.022 0.011 0.005 0.003 0.001 0.001 EXHIBIT 10-1 Present Value of $1 FR P= (1 + r)" Period 45 SSE 6% 35 10% 125 14% 16% 18% 205 225 245 26% 28% 30% 40% 1 0.962 0.952 0.943 0.926 0.909 0.893 0.877 0.362 0.847 0.833 0.820 0.506 0.794 0.751 0.769 0.714 2 0.925 0.907 0.890 0.857 0.826 0.797 0.769 0.743 0.718 0.694 0.672 0.650 0.630 0.610 0.592 0.510 0.859 0.564 0.840 0.794 0.751 0.712 0.675 0.6+1 0.609 0.579 0.551 0.524 0.500 0.477 0.455 0.367 + 0.855 0.823 0.792 0.735 0.693 0.636 0.592 0.552 0.5 16 0.+52 0.51 0.423 0.397 0.373 0.350 0.260 0.621 0.567 0.519 0.476 0.437 0.402 0.269 0.196 5 6 0.822 0.784 0.747 0.651 0.790 0.746 0.705 0.630 0.760 0.711 0.665 0.583 0.56+ 0.507 0.456 0.410 0.370 0.335 0.207 0.133 7 0.513 0.452 0.400 0.354 0.31+ 0.279 0.159 0.095 09 0.731 0.677 0.627 0.540 0.467 0.404 0.351 0.305 0.266 0.233 0.123 0.068 0.370 0.341 0.315 0.291 0.303 0.275 0.250 0.227 0.249 0.222 0.198 0.178 0.204 0.179 0.157 0.139 0.167 0.144 0.125 0.108 0.137 0.116 0.099 0.085 0.112 0.094 0.079 0.066 0.092 0.076 0.062 0.052 9 0.703 0.645 0.592 0.500 0.424 0.361 0.305 0.263 0.225 0.194 0.094 0.045 0.676 0.614 0.555 0.463 0.356 0.322 0.270 0.227 0.191 0.162 0.073 0.035 10 1 0.650 0.555 0.527 0.429 0.350 0.257 0.237 0.195 0.162 0.135 0.056 0.025 12 0.625 0.553 0.497 0.397 0.319 0.257 0.208 0.168 0.137 0.112 0.043 0.015 13 0.601 0.530 0.145 0.116 0.093 0.075 0.061 0.050 0.040 0.033 0.013 14 0.573 0.505 0.125 0.099 0.078 0.062 0.049 0.039 0.032 0.025 0.009 15 0.355 0.461 0.469 0.368 0.290 0.229 0.182 0.142 0.340 0.263 0.205 0.160 0.417 0.315 0.239 0.163 0.140 0.394 0.292 0.215 0.163 0.123 0.371 0.270 0.198 0.146 0.10S 0.105 0.05+ 0.065 0.051 0.040 0.031 0.025 0.020 0.006 16 0.534 0.458 0.093 0.071 0.054 0.042 0.032 0.025 0.019 0.015 0.005 0.012 0.003 17 0.513 0.436 0.000 0.060 0.045 0.034 0.026 0.020 0.015 IS 0.494 0.416 0.350 0.250 0.150 0.130 0.095 0.069 0.051 0.03S 0.025 0.021 0.016 0.012 0.009 0.002 19 0.475 0.396 0.331 0.232 0.164 0.116 0.083 0.060 0.043 0.031 0.023 0.017 0.012 0.009 0.007 0.002 20 0.456 0.377 0.312 0.215 0.149 0.104 0.073 0.051 0.037 0.026 0.019 0.014 0.010 0.007 0.005 0.001 21 0.439 0.359 0.294 0.199 0.135 0.093 0.064 0.044 0.031 0.022 0.015 0.011 0.005 0.006 0.004 0.001 22 0.422 0.342 0.278 0.15+ 0.123 0.083 0.056 0.035 0.026 0.018 0.013 0.009 0.006 0.004 0.003 0.001 23 0.406 0.320 0.262 0.170 0.112 0.074 0.049 0.033 0.022 0.015 0.010 0.007 0.005 0.003 0.002 24 0.390 0.310 0.247 0.158 0.102 0.066 0.043 0.028 0.019 0.013 0.005 0.006 0.004 0.003 0.002 25 0.092 0.059 0.038 0.024 0.016 0.010 0.007 0.005 0.003 0.002 0.001 0.054 0.000 0.002 0.001 0.375 0.295 0.233 0.146 0.361 0.251 0.220 0.135 0.347 0.265 0.207 0.125 0.333 0.255 0.196 0.116 27 0.076 0.005 0.004 0.002 0.003 0.002 0.002 0.002 0.001 0.001 0.053 0.033 0.021 0.014 0.009 0.047 0.029 0.018 0.01 0.007 0.042 0.026 0.016 0.010 0.006 0.037 0.022 0.014 0.005 0.005 0.069 0.004 0.001 0.001 $ 8 8 8 8 0.321 0.243 0.135 0.107 0.063 0.003 0.002 0.001 0.001 0.305 0.231 0.174 0.099 0.057 0.033 0.020 0.012 0.007 0.004 0.003 0.002 0.001 0.001 0.208 0.142 0.097 0.046 0.022 0.011 0.005 0.003 0.001 0.001 The Wrongway Ad Agency provides cars for its sales staff. In the past, the company has always purchased its cars from a dealer and then sold the cars after three years of use. The company's present fleet of cars is three years old and will be sold very shortly. To provide a replacement fleet, the company is considering two alternatives as follows: Purchase Alternative. The company can purchase the cars, as in the past, and sell the cars after three years of use. Ten cars will be needed, which can be purchased at a discounted price of $18,800 each. If this alternative is accepted, the following costs will be incurred on the fleet as a whole: Annual cost of servicing, taxes, and licensing Repairs, year 1 Repairs, year 2 Repairs, year 3 $ 7,600 2,220 5,050 8,075 At the end of three years, the fleet could be sold for one-half of the original purchase price. Lease Alternative. The company can lease the cars under a three-year lease contract. The lease cost would be $59,500 per year (with the first payment due at the end of year 1). As part of this lease cost, the owner would provide all servicing and repairs, license the cars, and pay all the taxes. Wrongway would be required to make a $19,750 security deposit at the beginning of the lease period, which would be refunded when the cars were returned to the owner at the end of the lease contract. Wrongway's required rate of return is 18%. Click here to view Exhibit 10-1 and Exhibit 10-2, to determine the appropriate discount factor(s) using tables. 1. Use the total cost approach to determine the present value of the cash flows associated with each alternative. (Negative amounts should be indicated with a minus sign. Round discount factor(s) to 3 decimal places. Round other intermediate calculations and final answers to the nearest whole dollar amounts.) Present Amount of 18% Value of Cash Flows Factor Cash Flows Year(s) Now -188000 1$ -188000 2.174 -16522 1-3 -7600 Item Purchase of fleet: Initial payment- cars Annual cost of servicing, taxes and licensing Repairs - Year 1 Repairs - Year 2 Repairs - Year 3 Resale value of the fleet 1 2 >>> -1880 -3626 -2220 -5050 -8075 94000 0.847 0.718 0.609 0.609 3 -4918 57246 3 Present value of cash outflows -157700 Lease of cars: Initial deposit Lease payments Return of deposit Now 1-3 v -19750 -59500 19750 1$ 2.174 0.609 -19750 -129353 12028 3 Present value of cash outflows $ -137075