(Round your answer to the nearest whole dollar. Use parentheses or a minus sign for negative net present values.)

The NPV is $

The NPV is ___(NEGATIVE/POSTIVE)____ and therefore the kiosks ___(ARE NOT/ ARE)__ a favorable investment.

The local supermarket is considering investing in self-checkout kiosks for its customers. The self-checkout kiosks will cost $48,000 and have no residual value. Management expects the equipment to result in net cash savings over three years as customers grow accustomed to using the new technology: $14,000 the first year; $21,000 the second year $24,000 the third year. Assuming a 14% discount rate, what is the NPV of the kiosk investment? Is this a favorable investment? Why or why not? (Click the icon to view the present value of an annuity table(Click the icon to view the present value table.) (Click the icon to view the future value of an annuity table.)(Click the icon to view the future value table.) (Round your answer to the nearest whole dollar. Use parentheses or a minus sign for negative net present values.) The NPV is $ Reference Reference Present Value of Annuity of $1 Periode 1% | 2% | 3% | 4% | 5% | 6% | 8% | 10% | 12% | 14% | 16% | 18% | 20% Periode 1% | 2% 1 3% 4% 5% -6% | 8% | 10% | 12% | 14% | 16% | 18% | 20% 10.990 0980 090962 0952 0.943 0.926 0909 0893 08770.8620.847 0833 2 0.980 0.961 0943 0925 0.907 0.890 0.857 0826 0.797 0.7690.7430.718 0.694 3 0.971 0.942 0915 08890.864 0.840 0.794 0751 0712 0.675 0.6410.609 0.579 0.981 0.92408B80855 0.823 0.792 0.735 0683 0636 0.592 0.552 0516 0482 0.951 | aso6 | 0.363 | 0822 0.784 | 0.747 | 0.681 | 0821 | 0.567 | 0.519 | 0.476 | 0437 | 0402 0.990 | 0.980 | 0.971-962 : 0.952 0.943 0.926 . 0.909-893 | 0.577-0862 . 0847 : 0.63 1970 1.942 1.913 1886 1859 1.833 1.783 1.736 1.690 1647 1605 1566 1.528 2.941 2.884 | 2.829 | 2775 | 2.723 | 2673 | 2.577 | 2.487 | 2.402 | 2322 2.246 2.174 2.106 3.902 3.808 3.717 | 3.630 | 3.546 | 3465 | 3.312 | 3.170 | 3.037 | 2.914 2.798 | 2.590 | 2.589 5 4.8534.7134.580 44524329 4212 393 3.793.605 3433 32743127 2.991 6 5.795 5.601 5.417 52425.0764917 4.623 4.355 4.111 3889 3685 3498 3.326 6.728 6.472 | 6.230 | 6.002 | 5.786 | 5582 | 5.206 | 4.888 | 4.564 | 4288 | 4.039 | 3.812 | 3.605 7.652 | 7.325 | 7.020 | 6733 6463 | 621 5747 | 5335 | 4.968 | 4.639 4.344 4078 | 3837 98.566 8.162 7.786 74357.10 6802 6.247 5.759 5.328 4946 4607 4.303 4.031 10 9.471 8.9B3 8.530 8.111 7.722 7360 6.710 6.145 5.650 5216 4.833 4.494 4.192 11 10.368 9.787 9.253 8.76O B.305 88 7.1396.4955.938 5453 5029 4656 4.327 12 11.255 10.575 9.954 9.385 B.863 83847.536 6.814 6.194 5660 5.197 4.793 4.439 13 | 12.134 | 11.348| 10.635| 9.986 | 9.394 | 8.853 | 7.904 | 7.103 | 6.424 | 5842 | 5.342 | 4.910 | 4.533 14 13.004 12.106 11236 10.563 9.899 9295 8.244 7.367 6.628 6.002 5468 5.008 4.611 15 13.865 12.849 11.93811.118 10380 9.712 8.5597.606 6.811 6142 5.575 5.092 4.675 20 18.046 16.351 14877 13.590 12462 11470 9.818 8.514 7.469 6623 5929 5353 4.870 25 | 22.023| 19.523| 17.413 | 15.622| 14094| 12.783| 10.675| 9.077 | 7,843 | 6873 6.087 5.467 | 4.948 30 25.808 22.396 19.600 17 292 15372 13.765 11.258 9.427 8.055 7003 6.177 5.517 4.979 40 32.835 27.355 23.115 19.79317.159 15.046 11.925 9.779 8.244 7.105 6.2335548 4.997 0.942 0.888 0837070 0.746 0.705 0.6300564 0507 0456 0410 0.370 0335 7 0.933 0.871 0813 0760 0.711 0.665 0.583 0513 0452 0.400 0.3540.314 0.279 8 0.923 0.853 0.789 0731 0.677 0.627 0.540 0467 0404 0.351 0.305 0.2660233 0.914 0837 0766 0703 0645 0.582 0.5000424 0361 0308 0.2630225 0.194 0.905 0.820 0.744 0676 0.614 0.55 0.463 0.386 0322 0270 0227 0.191 0.162 11 0.896 0.804 0.722 0650 0.5850.527 0,429 0.350 0.287 0.237 0.195 0.162 0.135 0.887 0.7880.701 0625 0557 0.497 0.3970.319 0257 0.208 0.1680.137 0.112 13 0.879 0.773 0681 0601 0.530 0.469 0.368 0290 0229 0.182 0.145 0.116 0.093 0.870 | 0.758 | 0.661 | 0577 0.505 | 0.442 | 0.340 | 0.263 | 0.205 | 0.160 | 0.125 | 0.099 | 0.078 0.861 0.743 0642 0555 0481 0417 0.315 0239 0.183 0.140 0.1080.084 0.065 20 0.82D 0.673 0554 0456 0.3770.312 0.215 0.149 D.104 0.073 0.051 0.037 0.026 0.780 | 0.510 | 0478 | 0375 0.295 | 0.233 | 0.146 | 0.092 | 0.059 | 0.038 | 0.024 | 0.016 | 0.010 30 0.742 0.552 0412 0.308 0231 0.174 0.099 0.057 0.033 0.0200.0120.007 0.004 40 0.672 0.4530307 0208 0.142 0.097 0.046 00220.011 0.005 0.003 0.001 0.001 7 0-2 4 704 9531-49 211122 23456 78025 85 23 45 7 2 7 9 3 813092 71742 12519 36 1-1 1 1 1 2 23345 678 10 11 1 0611 66831 76686 488 4 1989 1-1112 22334 55679 19 40 85 37 2 749 6 295 52327 68218 1963 001 4163 57 9247-48 3 33445 9 599 012346 8147-7 075 4 6114 4 57891 5791 6 346 412 296 17 723 69 094 23 227 182 89 91 567 801 01123 45 03866 07 19 06609 36 890 6 2507 56930 915 271 61 2 3 3-0 0 0 1 1 122 445 8042 2012 04 26 9 7 5 9 36996 86 1 1 0 29 0 0 0 0 1 11-12 2223 8 0 12345 0500 i-12345 6789