Raleigh Research, a nonprofit organization, estimates that it can save $25,000 a year in cash operating costs for the next 9 years if it buys a special-purpose eye-testing machine at a cost of $100,000. No terminal disposal value is expected. Raleigh Research's required rate of return is 14%. Assume all cash flows occur at year-end except for initial investment amounts. Raleigh Research uses straight-line depreciation. Present Value of $1 table Present Value of Annuity of $1 table Future Value of $1 table Future Value of Annuity of $1 table Read the requirements. Requirement 1. Calculate the following for the special-purpose eye-testing machine: a. Net present value (NPV) (Use factors to three decimal places, X.XXX, and use a minus sign or parentheses for a negative net present value. Enter the net present value of the investment rounded to the nearest whole dollar.) The net present value is Requirements 1. Calculate the following for the special-purpose eye-testing machine: a. Net present value b. Payback period c. Internal rate of return d. Accrual accounting rate of return based on net initial investment e. Accrual accounting rate of return based on average investment 2. What other factors should Raleigh Research consider in deciding whether to purchase the special-purpose eye-testing machine? Print Done Reference Present Value of $1 Periods 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% 22% 24% 26% 28% 30% 32% 40% Periods Period 1 0.980 0.962 0.943 0.926 0.909 0.893 0.877 0.862 0.847 0.833 0.820 0.806 0.794 0.781 0.769 0.758 0.714 Period 1 Period 2 0.961 0.925 0.890 0.857 0.826 0.797 0.769 0.743 0.718 0.694 0.672 0.650 0.630 0.610 0.592 0.574 0.510 Period 2 Period 3 0.942 0.889 0.840 0.794 0.751 0.712 0.675 0.641 0.609 0.579 0.551 0.524 0.500 0.477 0.455 0.435 0.364 Period 3 Period 4 0.924 0.855 0.792 0.735 0.683 0.636 0.592 0.552 0.516 0.482 0.451 0.423 0.397 0.373 0.350 0.329 0.260 Period 4 Period 5 0.906 0.822 0.747 0.681 0.621 0.567 0.519 0.476 0.437 0.402 0.370 0.341 0.315 0.291 0.269 0.250 0.186 Period 5 Period 6 0.888 0.790 0.705 0.630 0.564 W.100 Ferro 0.507 0.00! 0.456 0.410 0.370 0.335 0.303 0.275 0.250 0.227 0.207 0.189 0.133 Period 6 Period 7 0.871 0.760 W renog 0.665 0.583 0.513 0.452 0.400 0.354 0.314 0.279 0.249 0.222 0.198 0.178 0.159 0.143 0.095 Period 7 Period 8 0.853 0.731 0.627 0.540 0.467 0.404 0.351 0.305 0.266 0.233 0.204 0.179 0.157 0.139 0.123 0.108 0.068 Period 8 Period 9 0.837 0.703 0.592 0.500 0.424 0.361 0.308 0.263 0.225 0.194 0.167 0.144 0.125 0.108 0.094 0.082 W.040 Period 0.048 Period 9 Period 10 0.820 0.676 0.558 0.463 0.386 0.322 0.270 0.227 0.191 0.162 0.137 0.116 0.099 0.085 0.073 0.062 0.035 Period 10 Period 11 0.804 0.650 0.527 0.429 0.350 0.287 0.237 0.195 0.162 0.135 0.112 0.094 0.079 0.066 0.056 0.047 0.025 Period 11 Period 12 0.788 0.625 0.497 0.397 0.319 0.257 0.208 0.168 0.137 0.112 0.092 W.223 Period 0.076 0.062 0.052 0.043 0.036 0.018 Period 12 Period 13 0.773 0.601 0.469 0.368 0.290 0.229 0.182 0.145 0.116 0.093 0.075 0.061 0.050 0.040 0.033 0.027 0.013 Period 13 Period 14 0.758 0.577 0.442 W 0.340 0.263 0.205 0.160 0.125 0.099 0.078 0.062 0.049 0.039 0.032 0.025 0.021 0.009 Period 14 Period 15 0.743 0.555 0.417 W.203 renog 0.315 0.239 0.183 0.140 0.108 0.084 0.065 0.051 0.040 0.031 0.025 0.020 0.016 0.006 Period 15 Period 16 0.728 0.534 0.394 0.292 0.218 0.163 0.123 0.093 0.071 0.054 0.042 0.032 0.025 0.019 0.015 0.012 0.005 Period 16 Period 17 0.714 0.513 0.371 0.270 0.198 0.146 0.108 0.080 0.060 0.045 0.034 0.026 0.020 0.015 0.012 0.009 0.003 Period 17 Period 18 0.700 0.494 0.350 0.250 0.180 0.130 0.095 0.069 0.051 0.038 0.028 0.021 0.016 0.012 0.009 0.007 0.002 Period 18 Period 19 0.686 0.475 0.331 0.232 0.164 0.116 0.083 0.060 0.043 0.031 0.023 0.017 0.012 0.0090.007 0.005 W205 Ferodo 0.002 Period 19 Period 20 0.673 0.456 0.312 0.215 0.149 0.104 0.002 Period 18 0.073 0.051 0.037 0.026 0.019 0.014 0.010 0.007 0.005 0.004 0.001 Period 20 Period 21 0.660 0.439 0.294 0.001 Period 20 0.1990.135 0.093 0.064 0.044 0.031 0.022 0.015 0.011 0.008 0.006 0.004 0.003 0.001 Period 21 Period 22 0.647 0.422 0.278 0.184 0.123 0.083 0.056 0.038 0.026 0.018 0.013 0.009 0.006 0.004 0.003 0.002 0.001 Period 22 Period 23 0.634 0.406 0.262 0.170 0.112 0.074 0.049 0.033 0.022 0.015 0.010 0.007 0.005 0.003 0.002 0.002 0.000 Period 23 Period 24 0.622 0.390 0.247 0.158 0.102 0.066 0.043 0.028 0.019 0.013 0.008 0.006 0.004 0.003 0.002 0.001 0.000 Period 24 Period 25 0.610 0.375 Period 26 0.598 0.361 Period 27 0.586 0.347 Period 28 0.574 0.333 Period 29 0.563 0.321 Period 30 0.552 0.308 Period 35 0.500 0.253 Period 40 0.453 0.208 0.233 0.220 0.207 0.196 0.185 0.174 0.130 0.097 0.146 0.135 0.125 0.116 0.107 0.099 0.068 0.046 0.092 0.084 0.076 0.069 0.063 0.057 0.036 0.022 0.059 0.053 0.047 0.042 0.037 0.033 0.019 0.011 0.038 0.033 0.029 0.026 0.022 0.020 0.010 0.005 0.024 0.021 0.018 0.016 0.014 0.012 0.006 0.003 0.016 0.014 0.011 0.010 0.008 0.007 0.003 0.001 0.010 0.009 0.007 0.006 0.005 0.004 0.002 0.001 0.007 0.006 0.005 0.004 0.003 0.003 0.001 0.000 0.005 0.004 0.003 0.002 0.002 0.002 0.001 0.000 0.003 0.002 0.002 0.002 0.001 0.001 0.000 0.000 0.002 0.002 0.001 0.001 0.001 0.001 0.000 0.000 0.001 0.001 0.001 0.001 0.000 0.000 0.000 0.000 0.001 0.001 0.001 0.000 0.000 0.000 0.000 0.000 0.000 Period 25 0.000 Period 26 0.000 Period 27 0.000 Period 28 0.000 Period 29 0.000 Period 30 0.000 Period 35 0.000 Period 40 Reference Present Value of Annuity of $1.00 in Arrears* Periods 2% 4% 6% 8% 10% Period 1 0.980 0.962 0.943 0.926 0.909 Period 2 1.942 1.886 1.833 1.783 1.736 Period 3 2.884 2.775 2.673 2.577 2.487 Period 4 3.808 3.630 3.465 3.312 3.170 Period 5 4.713 4.452 4.212 3.993 3.791 Period 6 5.601 en 3.0 5.242 4.917 4.623 4.355 Period 7 6.472 6.002 5.582 5.206 4.868 1900 Period 8 7.325 6.733 6.210 0214 5.335 5.747 174 2:23 Period 9 8.162 7.435 6.802 9.002 6.247 5.759 11 13 Period 10 8.983 8.111 7.360 6.710 6.145 Period 11 9.787 8.760 en 7.887 7.139 010 6.495 Period 12 10.575 9.385 Fero 318 8.384 7.536 4:30 6.814 Period 13 11.348 9.986 rero 240 7.904 8.853 7.103 249 0.002 Period 14 12.106 10.563 9.295 8.244 0.244 40 42 443 7.367 Period 15 12.849 11.118 9.712 8.559 reno 14093 do 21 0.392 7.606 Period 16 13.578 11.652 10.106 8.851 7.824 Period 17 14.292 12. 166 10.477 9.122 8.022 Period 18 14.992 12.659 10.828 9.372 8.201 Period 19 15.678 13.134 11.158 9.604 8.365 Period 20 16.351 13.590 11.470 9.818 8.514 0214 12 Period 21 17.011 14.029 11.764 10.017 8.649 Period 22 17.658 14.451 12.042 10.201 8.772 Period 23 18.292 14.857 12.303 10.371 8.883 Period 24 18.914 15.247 12.550 10.529 8.985 12% 0.893 1.690 2.402 3.037 3.605 4.111 4.564 4.968 5.328 5.650 2.000 5.938 2.300 6.194 17 6.424 16 6.628 0.020 6.811 001! 6.974 4.700 7.120 120 7.250 7.366 7.469 7.562 7.645 7.718 7.784 14% 0.877 1.647 2.322 2.914 3.433 3.889 4.288 4.639 1370 4.946 5.216 49 5.453 2.000 5.660 2.042 5.842 6.002 0.002 6.142 1:49 6.265 6.373 0 6.467 101 6.550 6.623 0.02 6.687 6.743 6.792 6.835 16% 18% 0.862 0.847 1.605 1.566 2.246 2.174 2.798 2.690 3.274 3:29 3.127 3.685 3.498 4.039 2012 3.812 4.344 4.078 1:27 4.607 1.00 4.303 4.833 4.00 4.494 5.029 2.022 4.656 5.197 4.793 5.342 4.910 2.100 5.468 5.008 5.575 5.092 5.668 5.162 2013 5.749 5.222 2.242 5.818 2:21 5.273 5.877 2.00 5.316 5.929 02 5.353 5.973 5.384 6.011 5.410 6.044 5.432 6.073 5.451 20% 22% 24% 26% 28% 30% 32% 0.833 0.820 0.806 0.794 0.781 0.769 0.758 1.528 1.492 1.457 1.424 1.392 1.361 1.331 2.106 2.042 1.981 1.923 1.868 1.816 1.766 2.589 2.494 2.404 2.320 2.241 2.166 2.096 2.991 2.864 2.745 2.635 2.532 2.436 2.345 3.326 3.167 3.020 2.885 2.759 2.643 2.534 3.605 3.416 3.242 2242 3.083 2.937 2.802 2.677 3.837 3.619 2:02 3.421 3.241 3.076 2.925 2.786 4.031 ! 3.786 3.566 3.366 3.184 3.019 2.868 4.1923.923 3.682 3.465 3.269 10 3.092 2.930 4.327 4.035 3.776 3.543 3242 3.335 3.147 2.978 4.4394.127 3.851 3.606 3.387 3.190 3.013 4.533 12 4.203 3.912 3.656 3.427 3.223 3.040 4.611 401 4.265 3.962 3.695 1.200 3.459 3.249 3.061 4.675 1.013 4.315 4.001 1.013 3.726 3.483 3.268 3.076 4.730 4.357 4.033 3.751 3.503 3.283 3.088 4.775 4.391 4.059 3.771 3.518 3.295 3.299 140 3.097 4.812 4.419 4.080 3.786 3.529 3.304 3.104 4.843 4.442 4.097 1:724 3.799 3.539 3.311 3.109 4.870 4.460 4.110 1064 3.808 3.546 3.316 3.113 4.891 4.476 4.121 3.816 3.551 3.320 3.116 4.909 4.488 4.130 3.822 3.556 3.323 3.118 4.925 4.499 4.137 3.827 3.559 3.325 3.120 4.937 4.507 4.143 3.831 3.562 3.327 3.121 40% Periods 0.714 Period 1 1.224 Period 2 1.589 Period 3 1.849 Period 4 2.035 Period 5 2.168 Period 6 2.263 Period 7 2.331 Period 8 2021 reriodo 2.379 Period 9 Fero 2.414 Period 10 2.438 Period 11 100 470 en 2.456 Period 12 4700 2.469 Period 13 2.49% pero 2.478 Period 14 4760 2.484 Period 15 4.700 de 2.489 Period 16 4.702 2.492 Period 17 4704 4701 2.494 Period 18 2.496 Period 19 4734 2.497 Period 20 2.498 Period 21 2.498 Period 22 2.499 Period 23 2.499 Period 24 6.097 5.467 4.948 3.834 3.329 3.122 9.161 7.843 7.896 7.943 7.984 5.480 3.330 3.123 4.956 4.964 4.970 3.123 Period 25 19.523 15.622 12.783 10.675 9.077 Period 26 20.121 15.983 13.003 10.810 Period 27 20.707 16.330 13.211 10.935 9.237 Period 28 21.281 16.663 13.406 11.051 9.307 Period 29 21.844 16.984 13.591 11.158 9.370 Period 30 22.396 17.292 13.765 11.258 9.427 Period 35 24.999 18.665 14.498 11.655 9.644 Period 40 27.355 19.793 15.046 11.925 9.779 * Payments (or receipts) at the end of each period. 6.873 6.906 6.935 6.961 6.983 7.003 7.070 7.105 6.118 6.136 6.152 6.166 6.177 6.215 6.233 3.124 4.514 4.520 4.524 4.528 4.531 4.534 4.541 4.544 4.147 4.151 4.154 4.157 4.159 4.160 4.164 4.166 5.492 5.502 5.510 5.517 5.539 5.548 3.564 3.566 3.567 3.568 3.569 3.569 3.571 3.571 8.022 4.975 4.979 4.992 4.997 3.837 3.839 3.840 3.841 3.842 3.845 3.846 3.331 3.331 3.332 3.332 3.333 3.333 8.055 8.176 8.244 2.499 Period 25 2.500 Period 26 2.500 Period 27 2.500 Period 28 2.500 Period 29 2.500 Period 30 2.500 Period 35 2.500 Period 40 3.124 3.124 3.125 3.125 Reference 20% 26% 1.260 1.200 30% 1.300 1.690 1.588 1.960 1331 2.197 Period 4 ompound Amount of $1.00 (The Future Value of $1.00) Periods 2% 4% 6% 8% 10% 12% 14% 16% eriod 1 1.020 1.040 1.060 1.080 1.100 1.120 1.140 1.160 eriod 2 1.040 1.082 1.124 1.166 1.210 1.254 1.300 1.346 eriod 3 1.061 1.125 1.191 1.260 1.405 eriod 4 1.082 1.170 1.482 1.561 1.262 1.360 1.464 200 1 574 'eriod 5 1.104 1.217 1.689 1.404 1.514 1.811 1.338 1.boy 469 1.611 enoLo 1.0! eriod 6 1.126 1.265 1.762 -10 Tom 1.925 1.162 1.419 2.100 1929 587 1.772 eno 1120 1400 2.100 eriod 7 1.149 1.316 1:12 1.974 07 1.112 2.195 129 1.504 2.436 1.714 erogo 193 1.949 2.211 4.400 207 14 eriod 8 1.172 1.369 2.502 1.749 2.826 221 1.594 1.851 enodo 2.502 2.144 2.026 2476 1.994 'eriod 9 1.195 1.423 2.853 2.144 2.476 1.689 3.278 2.09 eno 1.462 2.358 1.999 1.002 3210 2.773 2.250 eriod 10 1.219 1.480 3.252 2113 3.803 1.791 pro 1.400 2.159 2.232 2.594 1:12:19 3.106 2.000 2.394 3.707 4.411 eriod 11 1.243 1.539 106 1.898 enog 1.24. 1.0 2.332 2.853 10 3.479 1.41 100 2222 4.226 eriod 12 1.268 1.601 2.00 2012 5.117 412 pro 1.200 1.00! 2.518 1.220 3.138 21 2012 3.896 2.510 eriod 13 1.294 1.665 130 4.818 5.936 1.030 2.133 2.720 4.010 3.452 hov 1992 21 4.363 3.936 2.120 eriod 14 1.319 1.732 5.492 3.432 6.886 4.363 2.261 prog 14 3.492 2.937 0.006 3.797 2.20 4.887 eriod 15 1.346 1.801 2201 6.261 19 2.397 7.988 1.00! 3.172 Po 10 0.201 4.177 1.300 5.474 22 114 eriod 16 1.373 1.873 4.11 7.138 9.266 2114 2.540 3.426 proglo 4.595 130 6.130 200 2244 eriod 17 1.400 1.948 8.137 1.999 2.693 10.748 014 3.700 0.157 5.054 1.450 1040 10.140 6.866 4:02 100 eriod 18 1.428 2.026 9.276 2.454 0.000 2.854 12.468 wo 116 1167 9.216 996 5.560 12.460 7.690 9.00 10.575 eriod 19 1.457 2.107 2.300 14.463 3.026 4.316 Pro 11.436 10 1.030 10313 6.116 4.316 8,613 14402 0.116 12.056 16.777 eriod 20 1.486 2.191 3.207 4.661 6.727 9.646 10. 13.743 eriod 21 1.516 2.279 3.400 5.034 7.400 10.804 15.668 22.574 eriod 22 1.546 2.370 3.604 5.437 8.140 12.100 17.861 26.186 eriod 23 1.577 2.465 3.820 5.871 8.954 13.552 20.362 30.376 18% 1.180 1.392 1.643 1.939 2.288 1.200 2.700 100 3.185 10 3.759 2.15 4.435 1.433 5.234 3.234 6.176 9:10 7.288 6.200 0.599 8.599 10.147 14.14! 11.974 11.914 14. 129 14.129 16.672 10.012 19.673 12.01 23.214 27.393 32.324 38.142 45.008 1.440 1.728 2.074 2.074 2.488 2.400 2.986 2.306 3.583 0:30 4.300 1.200 5.160 Slov 6.192 0.182 7430 2.400 0.916 8.916 10.699 10.699 12.839 12.039 15.407 19.407 10.400 18.488 22.186 22.100 26.623 20.020 31.948 31.940 38.338 30.338 22% 1.220 1.488 1.816 2.215 2.215 2.703 2.103 3.297 0:21 4.023 4.023 4.908 5.987 1200 7.305 3:20 205 0.912 8.912 10.872 10.012 13.264 2204 16.182 10102 19.742 19.142 24.086 24.000 29 384 22.304 35 849 10.049 43.736 43.136 24% 1.240 1.538 1.907 2.364 2.364 2.932 2:204 3.635 2.039 4.508 5.590 1.300 3:34 6.931 0:20 0.534 8.594 10.657 10.05 13.215 13.215 16.386 10.306 20.319 20.519 25.196 23.190 31.243 3.242 38.741 48,039 0.6 10.00 59.568 39.500 73.864 91.592 113.574 140.831 2.000 2.520 2.320 3.176 4.002 1.002 5.042 3.042 6.353 0.25 8,005 0.003 10.086 10.000 12.708 12.100 16.012 10.012 20.175 20.11 25.421 43421 32.030 12:00 40.358 10.230 50.851 30.09! 64.072 04.012 80.731 ou.131 101.721 128.169 161.492 203.480 28% 1.280 1.638 2.097 2.684 2.604 3.436 2.400 4.398 4.390 5.629 3.629 7.206 6.200 9.223 9.22 11.806 11.006 15.112 10.112 19.343 19.343 24.759 24.157 31.691 40.565 1.09! 51.923 14:00 31.122 66.461 00:12 85.071 . 108.890 139.380 178.406 228.360 292.300 2.856 1930 3.713 4.827 1.041 6.275 0213 8.157 0.10. 10.604 10.004 13.786 100 1.922 17.922 23.298 2.250 30.288 1.200 39.374 214 51.186 1.100 66.542 60.542 86.504 00.504 112.455 112433 146.192 140.194 190.050 247.065 321.184 417.539 32% 1.320 1.742 2.300 3.036 1.007 5.290 3.234 6.983 0:302 9.217 9.21 12.166 12.100 10.000 16.060 21.199 21.139 27.983 21.30 36.937 30.95 48.757 40.13 64359 04.392 84 954 04.954 112.139 110 148.024 10.02 195,391 257.916 340.449 449.393 593.199 40% Periods 1.400 Period 1 Period 2 2.744 Period 3 3.842 5.378 2.310 Period 7.530 Period 6 . remod 10.54 Period 7 10.94 rero 14.758 Period 8 20.661 1912 Period 9 endo 10.00! ener 28.925 Period 10 20:22 Period 10 40.496 Period 11 10.12 56.694 Period 12 30.034 79 371 19.37! Period 13 renou 11. 120 111.120 Fero 14 Period 14 155.568 139.000 Period 15 217.795 Period 12 Period 16 21.135 Feriod 10 304.913 104 10 Period 17 Feriod 426.879 Period 18 120.01% Fero lo 597.630 336.00 Period 19 836.683 Period 20 1171.356 Period 21 1639.898 Period 22 2295.857 Period 23 19.461 46.005 53.358 65.096 55.206 66.247 79.418 96.889 332.955 1192.533 eriod 24 1.608 2.563 4.049 6.341 9.850 15.179 23.212 35.236 53.109 79.497 118.205 174.631 256.385 374.144 542.801 783.023 3214.200 Period 24 eriod 25 1.641 2.666 4.292 6.848 10.835 17.000 26.462 40.874 62.669 95.396 144.210 216.542 323.045 478.905 705.641 1033.590 4499.880 Period 25 eriod 26 1.673 2.772 4.549 7.396 11.918 19.040 30.167 47.414 73.949 114 475 175.936 268.512 407.037 612.998 917.333 1364.339 6299.831 Period 26 eriod 27 1.707 2.883 4.822 7.988 13.110 21.325 34.390 55.000 87.260 137.371 214.642 512.867 784.638 1800.927 8819.764 Period 27 eriod 28 1.741 2.999 5.112 8.627 14.421 23.884 39.204 63.800 102.967 164.845 261.864 412.864 1004.336 1550.293 2377.224 12347.670 Period 28 eriod 29 1.776 3.119 5.418 9.317 15.863 26.750 44.693 74.009 121.501 197.814 319.474 511.952 814.228 1285.550 2015.381 3137.935 17286.737 Period 29 eriod 30 1.811 3.243 5.743 10.063 17.449 29.960 50.950 85.850 143.371 237.376 389.758 634.820 1025.927 1645,505 2619.996 4142.075 24201.432 Period 30 eriod 35 2.000 3.946 7.686 14.785 28.102 52.800 98.100 180.314 327.997 590.668 1053.402 1861.054 3258.135 5653.911 9727.860 16599.217 130161.112 Period 35 eriod 40 2.208 4.801 10.286 21.725 45.259 93.051 188.884 378.721 750.378 1469.772 2847.038 5455.913 10347.175 19426.689 36118.865 66520.767 700037.697 Period 40 646.212 Reference 10% 22% 26% 1.000 1.000 1.000 1.000 1.000 2.160 3.506 40% 1.000 2.400 2.200 32% 1.000 2.320 4.062 6.362 9 398 2.260 4.360 od 4 4.122 4.246 5.066 5.848 7.104 bound Amount of Annuity of $1.00 in Arrears* (Future Value of Annuity) iods 2% 4% 6% 8% 12% 14% 16% 18% 20% od 1 1.000 1.000 1.000 1.000 1.000 1.000 1.000 od 2 2.020 2.040 2.060 2.080 2.100 2.120 2.140 2.180 od 3 3.060 3.122 3.184 3.246 3.310 3.374 3.440 3.572 3.640 4.246 4.375 4.506 4.641 4.779 4.921 5.215 5.368 5204 516 5637 5 867 6105 od 5 5.204 5.416 5.637 5.867 6.105 6 353 6.353 6 610 6877 6.610 od 6 308 6633 975 7336 7716 6.877 7.154 7142 7.442 8115 od 6 6.308 6.633 6.975 7.336 7.716 8.115 8536 8977 M2 9930 8.536 8.977 9.442 9.930 od 7 7.434 7.898 8.394 8.923 9.487 10.089 10730 11111 12916 od 8 8 583 9 214 9 897 10637 11 436 12 300 11.414 12.142 12.916 od 8 8.583 9.214 9.897 10.637 11.436 12.300 1240 13 233 13.233 14.240 15 327 16 499 od 9 9 755 10 583 11 491 12 488 13 579 14 776 16.499 od 9 9.755 10.583 11.491 12.488 13.579 14.776 16.085 17.519 19.086 15.327 16.085 17 519 10 noc 20 700 20.799 od 10 10.950 12.006 13.181 14.487 15.937 17.549 . 19 227 21 321 92521 25 950 od 11 12 169 13.486 14.972 16 645 18.531 20 655 23.045 35 733 38 755 19.337 21.321 23.521 25.959 od 11 12.169 13.486 14.972 16.645 18.531 20.655 23.045 25.733 28.755 20160 bd 12. 13.412 15 026 16870 18 977 21 384 34 133 27 271 30 850 34 931 32.150 od 12 13.412 15.026 16.870 18.977 21.384 24.133 27.271 30.850 34.931 39 581 39.581 od 13 14.680 16.627 18.882 21.495 24.523 38020 32.600 36 786 12 219 40 407 28.029 d 14 15 974 18 292 21015. 24 215 27 975 32 393 37581 36.786 42.219 48.497 od 14 15.974 18.292 21.015 24.215 27.975 32.393 37.581 12 670 60 218 10106 43.672 50.818 d 15 17 293 20 024 23 276 27 152 31 777 37 280 43 842 51 660 60 965 59.196 od 15 72 025 12.035 1640-4225 25 673 30 324 35.950 42.753 F 0091.bbu 60.965 od 16 18.639 21.825 25.673 30.324 87 m2 od 17 20.012 23.698 28.213 33.750 40.545 48.884 59.118 71.673 87,068 12.68 50.980 60.925 72.939 87.442 105 921 bd 18 21.412 25.645 30.906 37.450 45.599 55.750 68.394 105.931 84.141 103.740 128.117 od 19 22.841 27.671 33.760 41.446 51.159 63.440 78.969 98.603 123.414 154.740 od 20 24.297 29.778 36.786 45.762 57.275 72.052 91.025 115.380 146.628 186.688 od 21 25.783 31.969 39.993 50.423 64.002 81.699 104.768 134.841 174.021 225.026 od 22 27.299 34.248 43.392 55.457 71.403 92.503 120.436 157.415 206.345 271.031 od 23 28.845 36.618 46.996 60.893 79.543 104.603 138.297 183.601 244.487 326.237 2.220 3.708 5.524 7 740 1.740 10 442 13710 10.442 17 762 22670 28 657 28.657 35962 35.962 44 874 44.874 FEZAC 19010 55.746 69.010 5192 85.192 104 935 104.935 129.020 129 020 158 205 158.405 194.254 237.989 291.347 356.443 435.861 24% 1.000 2.240 3.778 5.684 8018 8.048 10 ago 10.980 11615 14.615 19123 19.123 24 712 24.712 31642 31.643 40238 40.238 E OF 50.895 64.110 BA 110 80 OK 100 815 80.496 100.815 157 252 3.848 8 368 8.368 115M 11.544 15516 15.546 20.588 26 940 26.940 34 925 34.945 15.031 45.031 67 720 57.739 764 PO 119 347 93.926 119.347 151.377 191.735 242.585 306.658 387.389 489.110 617.278 778.771 28% 1.000 2.280 3.918 6.016 8.700 12 136 12.136 16.531 16.534 22162 22.163 29.369 20 602 38.593 En 200 SC 50.398 65.510 A C2 10 612 84.853 414203 109.612 141.303 181.868 233 791 300.252 385.323 494.213 633.593 811.999 1040.358 30% 1.000 2.300 3.990 6 187 6.187 9043 9.043 12 756 12.756 17 583 17.583 23.868 23.858 32 015 32.015 12 619 42.619 56405 56.405 71 327 74.327 97 626 97.625 197912 127.913 167 285 167.286 218170 218.472 285 014 285.014 371 518 371.518 13.106 13.406 18 696 18.696 25.678 25.678 24 or 34.895 17062 47.062 52.23 63.122 OM 220 84.320 12202 112.303 140 240 149.240 1977 197.997 262 356 262.356 347 309 459.449 607 172 607.472 802. 2.863 1060.779 1401.229 1850.622 10 946 10.946 16 321 16.324 22 952 23.853 34 395 34.395 40402 49.153 ca e 69.814 98 720 98.739 139.235 195 979 195.929 275 300 275.300 386 120 386.420 FM 999 541.988 Periods Period 1 Period 2 Period 3 Period 4 Periods Period 5 Deriods Period 6 Dorid 7 Period 7 Period 8 Period 8 Deriod 9 Period 9 Period 10 Period 10 Dorid Period 11 Deriod 12 Period 12 Deriod 13 Period 13 Period 1 Period 14 Dorid 15 Period 15 Period 16 Period 16 Deriod 17 Period 11 Period 18 Period 18 Period 19 Period 19 Period 20 Period 21 Period 22 Period 23 126011 126.011 157.253 184 868 233.791 759.784 195.994 483.973 1064.697 1491.576 244.033 303.601 377.465 469.056 582.630 630.165 820.215 1067.280 1388.464 2089.206 2925.889 4097.245 5737.142 od 24 30.422 39.083 50.816 66.765 88.497 118.155 158.659 213.978 289.494 392.484 532.750 723.461 982.251 1332.659 1806.003 2443.821 8032.999 Period 24 od 25 32.030 41.646 54.865 73.106 98.347 133.334 181.871 249.214 342.603 471.981 650.955 898.092 1238.636 1706.803 2348.803 3226.844 11247.199 Period 25 od 26 33.671 44.312 59.156 79.954 109.182 150.334 208.333 290.088 405.272 567.377 795.165 1114.634 1561.682 2185.708 3054.444 4260.434 15747.079 Period 26 od 27 35.344 47.084 63.706 87.351 121.100 169.374 238.499 337.502 479.221 681.853 971.102 1383.146 1968.719 2798.706 3971.778 5624.772 22046.910 Period 27 od 28 37.051 49.968 68.528 95.339 134.210 190.699 272.889 392.503 566.481 819.223 1185.744 1716.101 2481.586 3583.344 5164.311 7425.699 30866.674 Period 28 bd 29 38.792 52.966 73.640 103.966 148.631 214.583 312.094 456.303 669.447 1447.608 2128.965 3127.798 4587.680 10.070 140 6714.604 9802.923 43214.343 Period 29 od 30 40.568 56.085 79.058 113.283 164.494 241.333 356.787 530.312 790.948 1181.882 1767.081 2640.916 3942.026 5873.231 8729.985 12940.859 60501.081 Period 30 od 35 49.994 73.652 111.435 172.317271.024 431.663 693.573 1120.7131816.652 2948.341 4783.645 7750.225 12527.442 20188.966 32422.868 51869.427 325400.279 Period 35 bd 140 60.402 95.026 154.762259.057442.593 767,091 1342.0252360.7574163.213 7343.858 12936.535 22728.803 39792.982 69377.460 120392.883 207874.272 1750091.741 Period 40 ments (or receipts) at the end of each period. 984.068