Present value of $1 periods | 4% |6% 8% 10% 112% 14% 0.962 0.943 0.926 0.909 0.8930.877 0.925 0.890 0.857 0.826 0.7970.769 0.889 0.8400.794 0.751 0.712 0.675 0.855 0.792 0.735 0.683 0.636 0.592 0.822 0.747 0.6810.6210.567 0.519 0.790 0.705 0.630 0.564 0.507 0.456 0.760 0.665 0.583 0.513 0.452 0.400 0.731 0.627 0.540 0.467 0.404 0.351 0.703 0.592 0.500 0.424 0.3610.308 0.676 0.558 0.463 0.386 0.322 0.270 10 Present value of an Annuity of $1 Periods |496 |696 8% 0.962 0.9430.926 0.909 0.893 0.877 1.886 1.833 1.783 1.736 1.690 1.647 2.775 2.673 2.577 2.487 2.402 2.322 3.630 3.465 3.312 3.170 3.037 2.914 4.452 4.212 3.993 3.791 3.605 3.433 6733 6.210 5.747 5.335 4.968 4.639 7.435 6.802 6.247 5.759 5.328 4.946 8.111 7.3606.710 6.145 5.6505.216 10 Figure 13-6 Refer to Figure 13.6. Morgan Clinical Practice is considering an investment in new imaging equipment that will cost $400,000. The equipment is expected to yield cash inflows of $80,000 per year for a six year period. Morgan set a required rate of return at 10%. What is the net present value of the investment? (Note: there may be rounding error depending on the table you use to compute your answer. Choose the answer closest to the one you calculate.) Oa. $348,40o b. $51,600 ??. ($348,600) Od. (551,600) Oe. $451,600