TABLE 1 14% 12% 10% 8% Present value of R1 Penod's 4% 6% 0 877 O 893 0 926 0 909 0943 0 962 0 797 0 769 1 0 826 0857 0 890 0 675 2. 0 925 0 712 0751 0 794 0 840 0 592 3 0 889 0 683 0 636 0 735 0 792 0 519 0 567 4 0 621 0 855 0 822 0 747 0 456 0 681 0 630 5 0 507 0 564 0 705 0 400 0 790 6 0 452 0 513 0 665 0 583 0 351 7 0 760 0 404 0 540 0467 0 308 8 0 731 0 424 0 361 0 627 0 592 0 558 0 500 0 703 0 270 9 0 386 0 322 0 463 10 0 676 TABLE 2 14% 12% 10% Present value of an Annuity of R1 Periods 4% 6% 8% 1 0 962 0 943 0 926 0 893 0 877 0 909 1 690 1 647 1 736 1 783 1 833 2 1 886 2 402 2 322 2 487 2 577 3 2 775 2 673 3 037 2914 3 170 3 312 3 465 4 3 630 3 605 3433 3 791 3 993 4 212 4 452 3 889 0 in 4 111 4 355 4 623 4 917 6 5 242 4 564 4 288 4 868 7 6 002 5 582 5 206 4 639 4 968 5 747 5 335 8 6 733 6 210 5 328 4 946 5 759 9 7 435 6 802 6 247 6 145 5 650 5 216 10 8 111 7 360 6 710 Saps Lock G H 9 Shift N B N Ctrl Alt Required: MDP JANUARY FEBRUAR Refer to the above Tables Tyler Perry a Movie Producer and Director at Lionsgate Studios is considering investing R12,000 in a project with the following cash revenues and expenses Year 1 Year 2 Year 3 Revenues R20,000 R22,000 R22,000 R22,000 R25,000 Expenses R18,000 R19,000 R20,000 R17,000 R17,000 Year 4 Year 5 Tyler Perry requires a minimum rate of return of 8% 1 2 Calculate the net cash inflows in each of the 5 years What is the payback period? What is the net present value of the investment? 3