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Problem 16-3 FA Thead, Head Accountant, is reviewing his company's investment in a cement plant. The company paid 30,000,000 five years ago to acquire the

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Problem 16-3 FA Thead, Head Accountant, is reviewing his company's investment in a cement plant. The company paid 30,000,000 five years ago to acquire the plant. Now top management is considering an opportunity tations before he decides its fate The company's discount rate for present value.computations is 9% Expected and actual cash flows follow. Year 1 o00,000 Year 2 9,840,000 Year 3 Year 5 8,400,000 Year 4 Expected 9,960,000 ,120,000 9,840 REQUIRED Compute the net present value of the expected cash flows as of the beginning of the investment f the beginning of the investment. 2. Compute the net present value of the actual cash flows as What do you conclude from this postaudit? Set up a mini table of present value factors to make your calculations easier

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