Present value of $1 Periods 4% 1 2 3 4 5 6 7 8 19 10 Year 1 Year 2 Year 3 Year 4 Year 5 6% 10% 12% 8% 0.926 0.909 0.962 0.943 0.893 0.925 0.890 0.857 0.826 0.797 0.889 0.840 0.794 0.751 0.712 0.855 0.792 0.735 0.683 0.636 0.822 0.747 0.681 0.621 0.567 0.790 0.705 0.630 0.564 0.507 0.760 0.665 0.583 0.513 0.452 0.731 0.627 0.540 0.467 0.404 0.351 0.703 0.592 0.500 0.424 0.361 0.308 0.676 0.558 0.463 0.386 0.322 0.270 A. B. C. 10. Jimmy Reynolds is considering investing $12,000 in a project with the following cash revenues and expenses: Revenues $20,000 $22,000 Expenses $18,000 $19,000 $22,000 $20,000 $22,000 $17,000 $25,000 $17,000 Jimmy requires a minimum rate of return of 8%. 14% 0.877 0.769 0.675 0.592 0.519 0.456 0.400 Calculate the net cash inflows in each of the 5 years. What is the payback period? What is the net present value of the investment? (Use table above)