Present Value of Ordinary Annuity of $1 10% | 12% | 14% | 15% | 16% | 18% | 20% Periods | 1%| 2% 3% 4% 15% 6%| 7% | 8%|9% 10% 12% | 14% 15% 16%| 18% 20% 1 0.990.98009710962 0952 0943 035 0.9260.917 0.9C9C.B3 0.877 0.8700862084 0833 2 | 0.980 | 0.961 | 0943 | 0925 | 0907 | 0.880 0.873 | .867 0.642 0.526 | C.797 | 0.789 | 0756 | 0.243 | 0718 | 0684 3 | 0.971 | O.942 | 0915 | 0889 | 0864 | 0840 0.816 | 0794 | 0.772 .751 | 0.712 | 0.675 O.658 | 0641 | 0609 | 0579 40.91 0.924 08BB 0855 0823 0.792 0.763 0.735 0.708 0.6830.6360.5920.5720552051 0482 5 | 0.951 | 0.906 | 0863 | 0822 | 0784 | 0747 0.713 | .681 | .asa 1 | 0.567 | 0.519 | 0.497 | 0476 | 0437 | 0402 6 | 0.942 | 0888 | 0837 | O 790 | 0746 | 0705 0.666 | 0.630 | 0.596 0.564 | 0.507 | 0.456 | 0,432 | O410 | 0370 | 0335 7 0.933 0.871 0.813 0760 0.711 0.865 0623 0.5830.517 05130.452 0.00 0.37 0.354 0314 0279 8 | 0.923 | 0.53 | 0789 | 0.231 | 0677 | 0.627 0.582 | 0.540 | 0.502 467 .404 | 0.351 | 0.327 | 0.305 | 0.266 | 0233 9 0.14 083T 0765 0703 0645 052 0544 0500 0.460 0.424 0.351 0.3080.284 0263 0225 0.194 10 | 0.905 0.820 0.744 | 0.676 | 0614 | 0.56B 0.508 | 0.463 0.422 0.386 | 0.322 | 0.270 | 0.247 | 0.227 | 0.191 | 0162 110.86 0.80 0.722 0650 05850527 0.475 0.429 0.388 0.350 0.257 0.237 0.215 0135 0162 0.135 12 | 0.887 | 0.788 0.701 | 0625 | D567 | 0497 D444 | 0.397 | 0.356 0.319 | 0.257 | 0.208 0.187 | 188 | 0.137 | 0.112 13 089 0773 6800530 0469 041503680.326 0.200.2290.1 0163 0145 0116 0003 14 | 0.870 | 0.758 | 0.661 | 0.577 | 0.505 | 0.442 0.388 | 0.340 0.29g 0.263 | 0.205 | 0.160 | 0.141 | 0.125 | 0.099 | 007B 15 0.81 0.743 0842555 0481 0417 0382 0.315 0.275 0.29 .1 0.140 0.123 010 0C84 0065 16 | 0.853 | 0.728 | 0.623 | 0.534 | 0458 | 0.394 0.339 | 0.292 0.252 0.218 | 0.163 | 0.123 | 0.107 0.093 | 0.071 | 0.054 17 | 0.844 | 0.714 | 0.605 | 0.513 | 0436 | 0.371 0.317 | .270 | 0.231 0.198 | 0.146 | 0.108 | 0.093 | 0.000 | 0.060 | 0045 18 0.836 0700 058 044 04160350 0296 0250 0.212 0.180 0.130 0.09 0.081 0069 0C51 0038 19 0.828 0.888 0570 0475 0398 0331 0.277 0.232 0.19 0.164 01180.0830.0700.080 0043 0031 20 0.820 067355437 0312 0268 0.215 0.178 0.149 100073 00 0051 0037 0026 10990 0880 0971 0862 0.952 0.943 C.9350925 0817 0909 0893 0877 0870 0862 0847 0.533 2 | 1.970| 1.942 1.913 1.888|1g 1.B33| 1.838| 1.783|1759 1.736 1.680|160 1.626 1.605|1.568 1.528 3 2941 2884 2829 2.5 223263 2624 25T 2531 2482402 2322 2283 2246 2.174 2.10 43.902 380B 3.7173.630 3.546 3.5 3.357 33123240 3.170 3037 291 2855 2.798 2690 2.589 5 | 4953|4713 45an 4.452| 4.329 4.212| 4.100|3.993| 3890 3791| 3.505|3433 3262 3.274| 3.127| 2.991 6 5.795 5601 5417 5.242 5.076 4.917 4.757 4.6234488 4355 4.1113889 3.784 3.685 3.498 3.32 7 | 6728| 6472 0.220 .002|5.78 5.582|6.389|5206| 5033 4868 4564|4288 4.1en 40a9| 3.812 3.605 8 7652 7.325 7020 6.733 6.463 6.210.971574 5535 5335 468 4639 4.487 4344 4.078 3.37 9 8588 B182 7.788 7435 7.108 6.B02 8.5152475995 5.759 5328 4948 4.772 607 4.303 4031 10 | 9471| 8983 8530 &111 | 7722 7360| 7024|6710|6418 6145 5660|5216 5.0 4833| 4494 4192 11 10.368 9787 9.253 B.760 8.30 7.887 7.4997.1396805 8495 5.938 5453 5234 5.029 4658 .327 12 11256 10575 9S643858.3 8.384943 53 .161 6814 15660 5421 5.1 493 443! 13 12.134 11.348 10635 9.986 9.39 8.B53 8358 7.904487 7.103B.42 5842 5.583 5342 4.910 4.533 14 | 13,004 | 12106 11.296 10.563| 9.999 9.296|8.745|8244| 7786 7387 28|6002 5.724 5.468| 5.000 4.611 15 13.855 12849 11.938 11.118 10.380 9.712.1088559 8061 T606 6.811 6.142 587 5575 5.002 4.55 16 14.718 13578 12561 11.652 10.38 10.1069.448518313 7826974 6265 5.964 5.669 5.162 4.730 1715.52 14.292 13.188 12.188 11 274 10.4779.783 91228644 8022 7.120 8373 6047 5.749 5222 4.775 18 16.38 14.92 13.754 12659 11690 10.2 10.05 9372 8755 8201 7250 646 6.128 5818 5273 4512 19 | 17.226|15678 14324 13.134|12.085 11.158| 10.336|9804|8950 B 365 7366|6.550 0.198 5.877|5316 4.844 20 18.046 16351 1487 1350 1242 11470 10.594 9818 9.129 8514 7469 6623 6269 59295363 480 21 | 0811 0.660 | 0.538 | 0439 | 0359 | 0294 0.242 | 0.199 | 0.164 0.135 | 0.093 | 0.054 | O053 | 0.044 | 0031 | 0022 22 0.803 0.647 0.522 0422 0342 027B 0226 0.184 0.150 0.12 0.0530.0580.0480.038 0.028 001B 23 | 0.795 | 0.634 | 0.507 | 0406 | 0326 | 0.282 0.211 | .170 | 0.138 0.112 | 0.074 | 0.049 | 0.040 | 0.033 | 0.022 | 0015 24 0.78 0.622 0.492 0390 0310 0247 0.17 0.158 0.16 0.1020.0560.043 0.035 0028 0019 0013 25 | 0.7B0 | 0.610 | 0478 0.375 | 0.295 | 0233 0.184 | 0.148 0.118 0.092 | 0.059 | 0.038 | 0.030 | 0.024 | 0.016 | 0.010 26 | 0.772 | 0.595 0.464 | 0.361 | 0.281 | 0.220 0.172 | 0.135 | 0.106 0,084 0.053 | 0.033 | 0.025 | 0.021 | 0.014 | 0009 27 | 0.764 | 0.586 | 0450 | 0347 | 0288 | 0.207 0.161 | 0.125 | 0.29 0.076 | 0,047 | 0.029 0.023 0.018 | 0.011 | 0007 28 057 0574 0437 333 0255 0.16 0.150 0.116 0.o 0.06 0.042 00260.0200016 0010 0006 29 0.7490.563 0.424 0321 0243 0.185 0.141 0.107 0.082 0.063 0.0370.0220.0170.0140.C08 0005 30 | 0.742 | 0.552 0412 | 0308 | 0231 | 0.174 0.131 | .0e9 | 0.075 0.057 | 0.033 | 0.n20 | 0.015 | 0.012 | 0.007 | 0004 21 18.85 7011 15.415 14029 1.521 11.764 10.B3 10.017 9292 B849 758287 B.312 5.973 5384 4.891 22 19.60 17.65 537 14451 13.163 12.042 11010201 9442 8772 745 6743 63 6.011 5410 40 23 20.456 18.292 1.444 14.857 13.489 12.303 11 272 10.3719580 B883 7.7186.79 6399 6.014 5432 4.925 24 | 21.243|1891416936 15247| 13.799 12.550 11.469| 10.529|9707 8985 7.784|6835 6434 6,073| 5451 |4.907 25 22.023 19523 17413 15.622 14.064 12.T83 11664 10.675 9823 9077 7843 6873 6.464 607 5467 4.948 26 | 22.795| 20. 121 17A77 15.903| 14.375 13.003 11828| 10.810| 9929 9.181 | 7A86| 6.908 6.481 0.118 | 5A8 | 4.966 27 23.550 20.70 18327 16.330 14.543 32111567 10.35 10027 9237 S43 6835 6514 6.136 5492 4.64 2B 24.318 21.281 18.784 1B.663 14898 13.406 12.137 11.051 10.116 9307 7984 6.961 B.53 B.1525.502 4.970 29 25.0 21844 9188 5.141 13.591 12.28 1115 10198 930 80226S83 6561 6.166 5510 4975 30 25.808 22395 19600 17 292 15.372 13.TE5 12. 11.258 10.274 9427 B.C55 7003 6566 6.17755174.978 40 32.835 27.355 23.115 19.793 17.159 5.046 13.332 11.92 0.757 9.779 B2447.105 6642 B233 5.548 4.997 50 33.196 31.424 25.730 21482 18.26 1.762 13801 12.233 10962 9815 8.304 7.133 6661 6246 5564 4.56 40 | 0.672 | 0.453 | 0.307 | 0.208 | 0.142 | 0.097 0.067 | 0.046 0.032 0.022 | 0.011 | 0.005 | 0.004 | 0.003 | 0.001 | 0.001 50 0.808 0372 02281410087 0054 0.034 02 0.013 0.009.03 0.001 0.001 0.001 Consider how Preston Valley Waterfall Park Lodge could use capital budgeting to decide whether the $12,500,000(Click the icon to view Present Value of $1 table.) Waterfall Park Lodge expansion would be a good investment. Assume Preston Valley's managers developed the following estimates concerning the expansion: (Click the icon to view Present Value of Ordinary Annuity of $1 table.) EEB (Click the icon to view the estimates.) What is the project's NPV (round to nearest dollar)? Is the investment attractive? Why or why not? (Click the icon to view additional information.) Calculate the net present value of the expansion. (Enter any factor amounts to three decimal places, X.XXX. Round to the nearest whole dollar.) Annuity PV Factor (1-10%, n-8) Net Cash PV F Present actor Data Table Years Inflow (1.10%, .8) Value 1-8Present value of annuity 8 Present value of residual value Total PV of cash inflows Initial investment Net present value of expansion 122 skiers Number of additional skiers per day Average number of days per year that weather conditions 0 allow skiing at Preston Valley Useful life of expansion (in years) Average cash spent by each skier per day Average variable cost of serving each skier per day Cost of expansion Discount rate 147 days 8 years 244 75 12,500,000 10% The expansion is Vproject because its NPV is PrintDone