Required Information (The following information applies to the questions displayed below.) Metro Car Washes, Inc. is reviewing an Investment proposal. The initial cost as well as the estimate of the book value of the Investment at the end of each year, the net after-tax cash flows for each year, and the net income for each year are presented in the following schedule. The salvage value of the investment at the end of each year is equal to its book value. There would be no salvage value at the end of the investment's life. Year Annual Net After-Tax Cash Flows Annual Net Income Initial Cost and Book Value $ 330,000 220,000 132,000 66,000 22,000 $140,000 120,000 100,000 80,000 60,000 $30,000 32,000 34,000 36,000 38,000 Management uses a 14 percent after-tax target rate of return for new investment proposals. Use Arpendix A for your reference. (Use appropriate factor(s) from the tables provided.) Compute the proposal's net present value. et present value Future Value and Present Value Tables Tablet Future of $1001 + 2 10 11 1210 1 1 1 261 154 154 168 2 04 1712 1 21 2500 141. 1714 1851 0 1.999 2.153 13 2.12 103 19 2 211 215 271 206 247 20 212 21 172 20 214 270 254 2.858 160 1 2. 12.2014 45000 2212 125 HA 401 5.70 10.00 1020621725 17.650 0 2 646 0 .01 10 ore 10 Table II V of a sors of DATUM 1 + na 16.00 W Table Ill 160 1 31 3 MOON TO 18 S P2 4 6 4 6 62 823 20 19 èR *** 162 136 12 04 0 66 067 .145 1555 0014 010 0 004 Table IV Prof $1.00 h 17% 15 10% 00 :30 00 00 0 10 00 0 0.00 0.7 0.700 3 2.75 2073 207241 242 2 22 2 2.500 2001 3.000 31000 2014 2. 202.50 2.4 2.64 2 2 134 21 7 0644.5644401812380530100326 3 02108747404400 36001303 285 914 6 34770444444601301301 0 1 0 1 99594993889 128. 34 8141151843 420 412730081 1 885350479645 99450 2006 18 2017 2 0 011 01012 1149 18 5 5 .331370 11000015810 7050080199710675450 44103513 Rool Air