Saved Fraser Company will need a new $500,000 warehouse in eight years. Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using tables Required: What lump-sum amount should the company invest now to have $500,000 available at the end of eight-years? Assume the company can invest money at Note: Round your final answer to the nearest whole dollar amount. 1. Eight percent 2. Thirteen percent EXHIBIT 14B-1 1 Present Value of $1 (1+r)" Present Value Periods 4% 2 0.925 3 0.889 4 0.855 5 6 0.790 0.760 8 9 10 0.676 110.650 12 13 14 0.577 15 16 17 0.513 0.436 0.371 18 19 20 21 22 23 24 25 0.375 0.295 26 27 29 30 40 5% 6% 7% 8% 9% 10% 11% 12% 13% 10.962 0.952 14% 15% 16% 0.943 17% 18% 19% 20% 0.935 0.926 0.917 0.909 0.901 21% 22% 23% 24% 25% 0.893 0.885 0.877 0.870 0.907 0.862 0.855 0.847 0.840 0.890 0.833 0.873 0.857 0.826 0.820 0.813 0.806 0.842 0.826 0.800 0.812 0.797 0.783 0.769 0.756 0.743 0.731 0.718 0.864 0.840 0.706 0.694 0.683 0.816 0.794 0.772 0.672 0.661 0.650 0.640 0.751 0.731 0.712 0.693 0.675 0.658 0.641 0.624 0.609 0.823 0.792 0.593 0.579 0.763 0.564 0.551 0537 0.524 0.512 0.735 0.708 0.683 0.659 0.636 0.613 0.592 0.572 0.552 0.534 0.822 0.784 0.747 0516 0.499 0.482 0.467 0.451 0.437 0.423 0.410 0.713 0.681 0.650 0.621 0.593 0.567 0.543 0.519 0.497 0.476 0.456 0.437 0.746 0.419 0.402 0.705 0.386 0.370 0.666 0.630 0.355 0.341 0.328 0.596 0.564 0.535 0.507 0.480 0.456 0.432 0.410 0.390 0.370 0.711 0.352 0.335 0.319 0.303 0.665 0.623 0.583 0.547 0.513 0.289 0.275 0.262 0.482 0.452 0.425 0.400 0.376 0.354 0.333 0.314 0.731 10.296 0.279 0.677 0.263 0.627 0.582 0.540 0.502 0.467 0.249 0.235 0.222 0.210 0.434 0.404 0.3.76 0.351 0.327 0.305 0.285 0.266 0.249 0.703 0.645 0.233 0.592 0 204 0.544 0.500 0.191 0.179 0.168 0.460 0.424 0.391 0.361 0.333 0.308 0.284 0.263 0.243 0.225 0.209 0.614 0.558 0.167 0.155 0.508 0.144 0.134 0.463 0.422 0.386 0.352 0.322 0.295 0.270 0.247 0.227 0.208 0.191 0.176 0.162 0.149 0.585 0.527 0.475 0.126 0116 0.107 0.429 0.388 0.350 0.317 0.287 0.261 0.237 0.215 0.195 0.178 0.162 0.148 0.135 0.123 0.625 0.557 0.497 0.444 0.397 0.356 0.319 0.286 0.257 0.231 0.208 0.187 0.168 0.152 0.137 0.124 0.112 0.102 0.092 0.601 0.083 0.530 0.469 0.415 0.368 0.326 0.290 0.258 0.229 0.204 10.182 0.163 0.145 0.130 0.116 0.104 0.093 0.084 0.075 0.068 0.505 0.442 0.388 0.340 0.299 0.263 0.232 0.205 0.181 0.160 0.141 0.125 0.111 0.099 0.088 0.078 0.069 0.062 0.055 0.555 0.481 0.417 0.362 0.315 0.275 0.239 0.209 0.183 0.160 0.140 0.123 0.108 0.095 0.084 0.074 0.065 0.057 0.051 0.045 0.040 0.534 0.458 0.394 0.339 0.292 0.252 0.218 0.188 0.163 0.141 0.123 0.107 0.093 10.081 0.071 0.062 0.054 0.047 0.042 0.036 0.032 0.028 0.317 0.270 0.231 0.198 0.170 0.146 0.125 0.108 0.093 0.080 0.069 0.060 0.052 0.045 0.039 0.034 0.030 0.026 0.023 0.494 0.416 0.350 0.296 0.250 0.212 0.180 0.153 0.130 0.111 0.095 0.081 0.069 0.059 0.051 0.044 0.038 0.032 0.028 0.024 0.021 0.018 0.475 0.396 0.331 0.277 0.232 0.194 0.164 0.138 0.116 0.098 0.083 0.070 0.060 0.051 0.043 0.037 0.031 0.027 0.023 0.020 0.017 0.014 0.456 0.377 0.312 0.258 0.215 0.178 0.149 0.124 0.104 0.087 0.073 0.061 0.051 0.043 0.037 0.031 0.026 0.022 0.019 0.016 0.014 0.012 0.439 0.359 0.294 0.242 0.199 0.164 0.135 0.112 0.093 0.077 0.064 0.053 10.044 0.037 0.031 0.026 0.022 0.018 0.015 0.013 0.011 0.009 0.422 0.342 0.278 0.226 0.184 0.150 0.123 0.101 0.083 0.068 0.056 0.046 0.038 0.032 0.026 0.022 0.018 0.015 0.013 0.011 0.009 0.007 0.406 0.326 0.262 0.211 0.170 0.138 0.112 0.091 0.074 0.060 0.049 0.040 0.033 0.027 0.022 0.018 0.015 0.012 0.010 0.009 0.007 0.006 0.390 0.310 0.247 0.197 0.158 0.126 0.102 0.082 0.066 0.053 0.043 0.035 0.028 0.023 0.019 0.015 0.013 0.010 0.008 0.007 0.006 0.005 0.233 0.184 0.146 0.116 0.092 0.074 0.059 0.047 0.038 0.030 0.024 0.020 0.016 0.013 0.010 0.009 0.007 0.006 0.005 0.004 0.361 0.281 0.220 0.172 0.135 0.106 0.084 0.066 0.053 0.042 0.033 0.026 0.021 0.017 0.014 0.011 0.009 0.007 0.006 0.005 0.004 0.003 0.347 0.268 0.207 0.161 0.125 0.098 0.076 0.060 0.047 0.037 0.029 0.023 0.018 0.014 0.011 0.009 0.007 0.006 0.005 0.004 0.003 0.002 28 0.333 0.255 0.196 0.150 0.116 0.090 0.069 0.054 0.042 0.033 0.026 0.020 0.016 0.012 0.010 0.008 0.006 0.005 0.004 0.003 0.002 0.002 0.321 0.243 0.185 0.141 0.107 0.082 0.063 0.048 0.037 0.029 0.022 0.017 0.014 0.011 0.008 0.006 0.005 0.004 0.003 0.002 0.002 0.002 0.308 0.231 0.174 0.131 0.099 0.075 0.057 0.044 0.033 0.026 0.020 0.015 0.012 0.009 0.007 0.005 0.004 0.003 0.003 0.002 0.002 0.001 0.208 0.142 0.097 0.067 0.046 0.032 0.022 0.015 0.011 0.008 0.005 0.004 0.003 0.002 0.001 0.001 0.001 0.000 0.000 0.000 0.000 0.000 0.218 0.194 0.180 0.137 0.112 0.103 0.094 0.086 0.076 0.069 0.061 0.055 0.049 0.044 0.035 EXHIBIT 14B-2 Commerconnect Production/bne/accounting/garrison18e/exhibit/Exhibit 148_2.htm Present Value of an Annuity of $1 in Arrears 1 1 1 7" Periods 4% 5% 6% 7% 1 0.962 0.952 0.943 0.935 13% 0.901 0.893 0.885 14% 0.877 2 1.886 1.859 1.833 1.808 3 2.775 2.723 2.673 2.624 2.577 4 3.630 3.546 3.465 3.387 5 4.452 4.329 4.212 4.100 6 5.242 5.076 4.917 4.767 7 6.002 5.786 5.582 8 6.733 9 7.435 10 8.111 11 8.760 8.306 7.887 7.499 7.139 6.805 12 13 9.385 8.863 8.384 7.943 7.536 7.161 9.986 9.394 8.853 8.358 7.904 7.487 14 15 16 10.563 9.899 9.295 8.745 8.244 7.786 11.118 10.380 9.712 9.108 8.559 8.061 11.652 10.838 10.106 9.447 8.851 8.313 17 18 19 20 12.166 11.274 10.477 9.763 9.122 8.544 8.022 12.659 11.690 10.828 10.059 9.372 8.756 8.201 13.134 12.085 11.158 10.336 9.604 8.950 8.365 131590 12.462 11470 10.594 9.818 9.129 8.514 21 22 23 24 25 26 28 29 30 17.292 15.372 13.765 12.409 11.258 10.274 9.427 40 19.793 17.159 15.046 13 332 11.925 10.757 9.779 4.876 4.675 4.489 4.315 4.153 4.001 3.859 7.824 7.379 6.974 6.604 6.265 5.954 5.668 5.405 5.162 4.938 4.730 4.536 4.357 4.189 4.033 3.887 7.549 7.120 6.729 6.373 6.047 5.749 5.475 5.222 4.990 4.775 4.576 4.391 4.219 4.059 3.910 7.702 7.250 6.840 6.467 6.128 5.818 51534 5.273 5.033 4.812 4.608 4.419 4.243 4.080 3.928 7.839 7.366 6.938 6.550 6.198 5.877 5.584 5.316 5.070 4.843 4.635 4.442 4.263 4.097 3.942 7.963 7.469 7.025 6.62B 6.259 5.929 5.628 5.353 5.101 4.870 4.657 4.460 4.279 4.110 3.954 14.029 12.821 11.764 10.836 10.017 9.292 8.649 8.075 7.562 7.102 6.687 6.312 5.973 5.665 5.384 5.127 4.891 4.675 4.476 4.292 4.121 3.963 14.451 13.163 12.042 11.061 10.201 9.442 8.772 8.176 7.645 7.170 6.743 6.359 6.011 5.696 5.410 5.149 4.909 4.690 4.488 4.302 4.130 3.970 14.857 13.489 12.303 11.272 10.371 9.580 8.883 8.266 7.718 7.230 6.792 6.399 6.044 5.723 5.432 5.167 4.925 4.703 4.499 4.311 4.137 3.976 15.247 13.799 12.550 11.469 10.529 9.707 8.985 8.348 7.784 7.283 6.835 6.434 6.073 5.746 5.451 5.182 4.937 4.713 4.507 4.318 4.143 3.981 15.622 14.094 12.783 11.654 10.675 9.823 9.077 8.422 7.843 7.330 6.873 6.464 6.097 5.766 5.467 5.195 4.948 4.721 4.514 4.323 4.147 3.985 15.983 14.375 13.003 11.826 10.810 9.929 9.161 8.488 7.896 7.372 6.906 6.491 6.118 51783 5.480 5.206 4.956 4.728 4.520 4.328 4.151 3.988 27 16.330 14.643 13 211 11.987 10.935 10.027 9.237 8.548 7.943 7.409 6.935 6.514 6.136 5.798 5.492 5.215 4.964 4.734 4.524 4.332 4.154 3.990 8.602 7.984 7.441 6.534 16.663 14.898 13.406 12.137 11.051 10.116 9.307 6.961 6.152 5.502 5.810 5.223 4.970 4.739 4.528 4.335 4.157 3.992 8.650 8.022 7.470 6.983 6.551 6.166 5.820 5.510 16.984 15.141 13.591 12.278 11.158 10.198 9.370 5.229 4.975 4.743 4.531 4.337 4.159 3.994 8.055 8.694 7.496 7.003 6.566 6.177 5.829 5.517 5.235 4.979 4.746 4.534 4.339 3.995 8.951 8.244 7.634 7.105 6.642 5.871 5.548 5.258 4.997 4.760 4.544 4.347 4.166 3.999 8% 9% 10% 11% 12% 16% 17% 18% 19% 0.926 20% 21% 0.917 22% 23% 0.909 24% 25% 0.870 0.862 0.855 0.847 0.840 0.833 0.826 0.820 1.783 1.759 0.813 0.806 0.800 1.736 1.713 1.690 1.668 1.647 1.626 1.605 1.585 1.566 1.547 1.528 1.509 1.492 1474 1.457 2.531 1.440 2.487 2.444 2.402 2.361 2.322 2.283 2.246 2210 2.174 2.140 2.106 2.074 2.042 2011 3.312 1981 1.952 3.240 3.170 3.102 3.037 2.974 2.914 2.855 2.798 2.743 2.690 2.639 2.589 2.540 2.494 2.448 3.993 2.404 2.362 3.890 3.791 3.696 3.605 3.517 3.433 3.352 3.274 3.199 3.127 3.058 2.991 2.926 2.864 2.803 2.745 2.689 4.623 4.486 4.355 4.231 4.111 3.998 3.889 3.784 3.685 3.589 3.498 3.410 3.326 3.245 3.167 3.092 3.020 5.389 2.951 5.206 5.033 4.868 4.712 4.564 4.423 4.288 4.160 4.039 3.922 3.812 3.706 3.605 3.508 6.463 3.416 3.327 3.242 6.210 5.971 3.161 5.747 5.535 5.335 5.146 4.968 4.799 4.639 4.487 4.344 4.207 4.078 3.954 3.837 3.726 3.619 3.518 3.421 7.108 3.329 6.802 6.515 6.247 5.995 5.759 5.537 5.328 5.132 4.946 4.772 4.607 4.451 4.303 4.163 4.031 3.905 3.786 3.673 3.566 3.463 7.722 7.360 7.024 6.710 6.418 6.145 5.889 5.650 5.426 5.216 5.019 4.833 4.659 4.494 4.339 4.192 4.054 3.923 3.799 3.682 3.571 6.495 6.207 5.938 5.687 5.453 5.234 5.029 4.836 4.656 4.486 4.327 4.177 4.035 3.902 3.776 3.656 6.814 6.492 6.194 5.918 5.660 5.421 5.197 4.988 4.793 4.611 4.439 4.278 4.127 3.985 3.851 3.725 7.103 6.750 6.424 6.122 5.842 5.583 5.342 5.118 4.910 4.715 4.533 4.362 4.203 4.053 3.912 3.780 7.367 6.982 6.628 6.302 6.002 5.724 5.468 5.229 5.008 4.802 4.611 4.432 4.265 4.108 3.962 3.824 7.606 7.191 6.811 6.462 6.142 5.847 5.575 5.324 5.092 15% 4.160 6.233