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Sharma Company expects to receive $900 at the end of each of the next 10 years and an additional $4,000 at the end of the

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Sharma Company expects to receive $900 at the end of each of the next 10 years and an additional $4,000 at the end of the tenth year. Therefore, the total payments will be $13,000. E (Click the icon to view the present value factor table.) (Click the icon to view the present value annuity factor table.) Requirement 1. What is the NPV of the payments at an interest rate of 14%? Begin by selecting the formula you will need to answer this question. (Lump sum x Present value of $1) + (Annuity x Present value of ordinary annuity of $1) Present value Next, calculate the NPV of the payments at an interest rate of 14%? (Round interim and final answer to the nearest cent.)

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