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XYZ Company is considering the purchase of a new p iece of equipment and has gathered the following information about the p urchase: Initial investment $20,000 20% of original Annual cost savings Salvage value in 6 years cost of the equipment Repair in 4 years Cost of capital Life of project $14,000 10% 6 years The net present value of this new equipment was -$37,779. Calculate the salvage value for this piece of equi pment. You will need to use the time value of money table factors posted in carmen to answer this question. To access these fa ctors, click modules and then scroll to week 8. Click on the link label ed present & future value table factors. No credit will be awarded for this question using Future Value of a Lump-Sum Rate of interest per period in percent 10% 1.3310 1.4641 1.6105 1.7716 1.9487 9% 5% 1.1576 1.2155 1.2783 6% 12% 1.4049 1.5735 1.7623 1.9738 2.2107 2.4760 2.7731 3.1059 3.8960 5.4736 6.1304 6.8660 7.6900 8.6128 4% 1.1249 8% 1.2597 14% 16% 1.5609 1.8106 2.1003 Periods 3% 1.0927 1.2950 1.4116 1.5386 1.6771 1.8280 1.9926 1.1910 1.2625 1.3382 1.4185 1.5036 1.4815 1.6890 1.1255 1.1593 1.3605 1.1699 1.2167 1.2653 1.3159 1.3686 1.4233 1.4802 1.6010 4 1.9254 1.4693 1.5869 1.7138 5 6 2.4364 2.8262 3.2784 3.8030 4.4114 5.9360 9.2655 10.7480 12.4677 14.4625 16.7765 19,4608 10.8039 15.6676 22.5745 12.1003 17.8610 26.1864 13.5524 20.3616 30.3762 15.1786 23.2122 35.2364 10.8347 17.0000 26.4619 40.8742 304.482 897.597 2595.92 7370.20 2.1950 1.3401 1.4071 1.1941 7 2.5023 2.8526 3.2519 3.7072 4.8179 7.1379 8.1372 9.2765 10.5752 12.0557 13.7435 1.2299 1.2668 2.1436 2.3580 2.5938 3.1384 4.1773 4.5950 5.0545 4.7171. 5.5599 6.1159 6.7275 7.4003 1.4775 1.5513 1.6289 1.7959 2.0789 2.1829 2.2920 2,4066 2.5270 2.6533 2.7860 2.9253 3.0715 3.2250 3.3864 1.5939 1.8510 1.6895 1.7909 1.9990 2.1589 2.5182 3.1722 3.4259 3.7000 3.9960 4.3157 4.6610 5.0338 5.4365 5.8715 6.3412 6.8485 2.1719 1.3048 1.3439 1.4258 2.3674 2.8127 3.6425 3.9703 4.3276 10 2.0122 2.3965 2.5404 2.6928 2.8543 3.0256 3.2071 3.3996 12 1.5580 1.8009 15 16 1.6047 1.6529 1.8730 1,9479 2.0258 2.1069 2.1911 2.2788 2.3699 2.4647 2.5633 2.6658 10.5196 18.6792 32.9877 101.257 176.031 17 1.7024 18 1.7535 5.1417 5.6044 6.108 19 9.6463 1.8061 20 1.8603 21 8.1403 8.9543 9,8497 6.6586 7.2579 7.9111 8.6230 3.6035 3.8198 4.0489 1.9161 22 23 1.9736 24 2.0325 2.0938 25 5.8916 60 4.2919 Present Value of a Lump-Sum Present Value of Lump-Sum Rate of interest per period in percent 10% 0.7513 0.6830 0.6209 0.5645 0.5132 0.4665 0.4241 0.3855 0.3186 14% 0.6750 12% 0.7118 0.6355 15% 0.6575 0.5718 0.4972 0.4323 0.3759 0.3269 0.2843 0.2472 0.1870 0.1229 0.1069 0.0929 20% 0.5787 6% 0.8396 0.7921 0.7473 0.7050 0.6651 0.6274 8% 0.7938 0.7350 0.6806 0.6310 0.5835 0.5403 0.5003 0.4632 0.3971 0.3152 9% 0.7722 5% 0.8638 3% 0.9151 Periods 3 4 0.5921 0.5194 0.4556 0.4823 0.4019 0.3349 0.2791 0.2326 0.7084 0.6499 0.5963 0.5470 0.5019 0.4604 0.4224 0.3555 0.2745 0.2519 0.2311 0.2120 0.1945 0.2146 0.1784 0.1637 0.1264 0.8227 0.7835 0.7462 0.7107 0.6768 0.6446 0.6139 0.5568 0.8885 5 0.8626 6 0.8375 7 0.8131 0.7894 0.7664 0.7441 0.5674 0.5066 0.4523 0.4039 0.3606 0.3220 0.2567 0.1827 0.2176 0.1631 O.1456 O.1799 0.1300 0.1635 0.1161 0.1037 0.0926 0.0659 0.3996 0.3506 0.3075 0.2697 0.2076 0.1938 0.1615 0.1122 0.0649 0.0541 0.0471 0.0376 0.5919 0.5584 0.4970 0.4173 0.3937 0.3714 0.3503 0.3305 0.3118 0.2942 0.2470 10 12 0.7014 0.6419 0.1401 0.1229 0.1078 0.2394 0.4810 0.4581 0.4363 0.4155 0.3957 0.3769 15 0.6232 0.2919 0.2703 0.2503 0.2317 16 0.6050 O.1978 17 0.5874 0.0946 0.0829 0.0728 0.0638 0.0431 0.0808 0.0703 0.0611 18 0.5703 0.0313 0.0261 19 0.1486 20 0.5537 0.0217 0.0126 0.0531 0.0349 0.1351 0.1015 0.0923 0.1987 0.1577 0.1460 0.3589 0.3101 0.2953 0.5375 0.4920 21 24 0.0105 0.0304 0.0378 0.0588 0.1160 0.2330 0.4776 25 Future Value of an Annuity Rate of interest per period in pcrcent 6% 3% 3.0909 4% Periods 8% 5% 3.1525 4.3101 5.5256 6.8019 8.1420 9.5491 9% 3.2781 14% 10% 12% 16% 3.5056 5.0665 6.8771 3.1216 3.1836 3.2464 3.3100 3.3744 3.4396 4.1836 5.3091 4.3746 4 4.2465 5.4163 6.6330 4.5061 5.8667 4.7793 6.3529 4.5731 5.9847 7,5233 4.6410 6.1051 4.9211 6.6101 8.5355 5.6371 6 6.4684 6.9753 8.3938 7.3359 8.9228 10.6366 7.7156 9.4872 11.4359 13.5795 14.7757 15.9374 20.1407 21.3843 29.3609 31.7725 33.0034. 35.9497 8.1152 10.0890 8.9775 7.6625 7 7.8983 10.7305 9.2004 11.0285 13.0210 15.1929 11.4139 9.2142 13.2328 8.8923 9.8975 11.4913 13.1808 16.8699 12.2997 14.2401 17.5185 19.3373 21.3215 27.2707 30.8502 43.8424 51.6595 50.9804 60.9250 59.1176 71.6730 84.1407 16.0853 10.1591 11.4639 12.0061 10 14.1920 12 18.5990 10.5828 11.0266 12.5779 12.4876 14.4866 18.9771 17.5487 24.1331 37.2797 42.7533 48.8837 55.7497 63.4397 15.0258 15.9171 20.0236 21.5786 23.2760 16 20.1569 21.8245 23.6575 25.6725 30.3243 27.1521 15 17 21.7616 23.6975 25.8404 28.2129 33.7502 36.9737 40.5447 18 23.4144 25.6454 19 25.1169 27.6712 30.5390 20 26.8704 30.9057 ,37.4502 41.3013 45.5992 33.7560 41.4463 46.0185 68.3941 28.1324 98.6032 78.9692 51.1591 57.2750 72.0524 91.0249 104.768 115.380 33.0660 36.7856 45.7620 51.1601 29.7781 134.841 120.436 157.415 183.601 28.6765 31.9692 35.7193 39.9928 50.4229 56.7645 64.0025 22 81.6987 21 55.4568 62.8733 60.8933 66.7648 71.4028 92.5026 34.2480 38.5052 43.3923 41.4305 34.4265 39.0826 44.5020 50.8156 41.6459 47.7271 353.584 30.5368 23 138.297 158.659 213.978 249.214 104.603 118.155 133.333 79.5430 88.4973 98.3471 3034.82 46.9958 69.5319 32.4529 24 25 36.4593 163.053 36.6179 76.7898 181.871 54.8645 73.1059 84.7009 46057.5 18535.1 7471.64 1253.21 1944.79 533.128 60 237.991 Present Value of an Annuity Rate of interest per period in percent 9% 2.5313 3.2397 3.8897 15% 2.2832 2.8550 20% 2.1065 12% 2.4018 6% 2.6730 10% 2.4869 3.1699 8% 2.5771 3% 2.8286 3.7171 4.5797 5.4172 5% 2.7233 3.5460 4.3295 5,0757 eriods 2.9703 3.9505 4.9259 5.8964 2.5887 3.0374 3.3121 3.4651 4 2.9906 3.3255 3.6046 3.8372 3.7908 4.3553 4.8684 3.6048 4.1114 4.5638 4.9676 3.3522 3.7845 3.9927 4.6229 5.2064 5.7466 6.2469 4.2125 4.9173 4.4859 6 7 6.8621 7.8230 4.1604 4.4873 4.7716 5.0330 5.5348 5.9953 6.4177 7.1605 8.0607 5.5824 6.2098 6.8017 7.3601 8.3838 6.2303 7.0197 5.7864 6.4632 7.1078 5.3349 4.0310 5.3283 5.7590 7.7861 8.7791 9.7304 4.1925 4.4392 5.6502 6.1944 6.8109 6.9740 7.1196 7.2497 5.0188 5.4206 6.1446 6.8137 6.7101 7.5361 8.5595 8.8514 9.1216 7.7217 .8633 10.3797 8.5302 9.9540 10 12 11.6189 15 14.4166 16 15.3399 17 16.2586 18 17.1728 19 5.8474 4.6755 4.7296 4.7746 4.8122 7.6061 9.7123 11.9379 12.5611 13.1661 13.7535 14.3238 7.8237 8.0215 8.2014 8.3649 8.5135 5.9542 6.0472 6.1280 6.1982 6.2593 6.3125 6.4641 8.3126 8.5436 8.7556 10.8378 11.2741 11.6896 12.0853 12.4622 12.8212 14.0939 10.1059 10.4773 10.8276 9.3719 4.8435 4.8696 4.8913 4.9476 8.9501 9.1286 7.3658 7.4694 11.1581 9,6036 18.0824 20 11.4699 9.8182 10.0168 10.6748 18.9874 14.8775 21 8.6487 9.0770 9.2922 9.8226 7.5620 7.8431 11.7641 12.7834 19.8880 25 23.4456 15.4150 17.4132