Problem 16-3 20 points Lehigh Valley Inc is reviewing the company's investment in a baseball glove factory. The company paid $ 150,000,000 five years ago to acquire the plant. Now top management is considering an opportunity to sell it. The president wants to know whether the plant has met original expectations before he decides its fate. The company's discount rate for present value computations is Expected and actual cash flows follow. Year 1 Expected Actual $ 33,000,000 $ 30,000,000 REQUIRED $ $ Year 2 49,200,000 38,600,000 $ $ Year 3 45,600,000 42,460,000 12% 1. Compute the net present value of the expected cash flows as of the beginning of the investment 2. Compute the net present value of the actual cash flows as of the beginning of the investment. 3. What do you conclude from this postaudit? Set up a mini table of present value factors to make your calculations easier. Year 4 Year 5 6969 $ 49,800,000 $ 42,000,000 $ 46,706,000 $ 51,376,600