The Cambro Foundation, a nonprofit organization, is planning to invest $180,074 in a project that will last for three years. The project will produce net cash inflows as follows: Year 1 Year 2 Year 3 $ 72,000 $ 86,000 ? Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using table. Required: Assuming that the project will yield exactly a 8% rate of return, what is the expected net cash inflow for Year 3? Net cash inflow EXHIBIT 12B-1 Present Value of $1; 1 (1+r) n Periods 1 5% 4% 0.962 0.952 6% 7% 8% 9% 10% 11% 12% 0.943 0.935 0.926 0.917 0.909 2 0.925 0.907 0.890 0.873 0.857 0.842 0.826 0.812 0.893 0.901 0.797 3 0.889 0.864 0.840 0.816 0.794 0.772 0.751 0.731 0.712 4 0.855 0.823 0.792 0.763 0.735 0.708 0.683 0.659 5 0.822 0.784 0.747 0.713 0.681 0.650 0.621 0.593 0.567 0.636 0.613 0.543 13% 0.885 0.783 0.675 0.693 0.592 0.519 0.497 18% 17% 16% 15% 14% 0.847 0.855 0.870 0.862 0.877 0.718 0.743 0.769 0.756 0.731 0.624 0.609 0.641 0.658 0.572 0.552 0.534 0.516 0.476 0.456 0.437 0.419 6 0.790 0.746 0.705 0.666 0.630 0.596 0.564 0.535 0.507 7 0.760 0.711 0.665 0.623 0.583 0.547 0.513 0.482 0.480 0.452 0.425 0.400 0.456 0.432 0.410 0.390 0.352 0.370 0.376 0.354 0.333 0.314 0.296 8 0.731 0.677 0.627 0.582 0.540 0.502 0.467 0.434 0.404 0.376 0.351 0.327 0.305 0.285 0.266 0.249 9 0.703 0.645 0.592 0.544 0.500 0.460 0.424 0.391 0.361 0.333 0.308 0.284 0.263 0.243 0.225 0.209 0.194 10 0.676 11 0.650 0.614 0.558 0.585 0.508 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 20% 21% 19% 22% 23% 24% 25% 0.840 0.826 0.833 0.820 0.813 0.806 0.800 0.683 0.706 0.694 0.672 0.661 0.650 0.640 0.579 0.593 0.564 0.551 0.524 0.537 0.482 0.437 0.499 0.467 0.451 0.386 0.355 0.402 0.370 0.319 0.335 0.303 0.289 0.279 0.249 0.235 0.263 0.233 0.218 0.204 0.191 0.180 0.167 0.137 0.149 0.512 0.423 0.410 0.341 0.328 0.275 0.222 0.210 0.179 0.168 0.155 0.144 0.134 0.262 0.527 0.475 0.429 0.388 0.350 0.317 0.287 0.237 0.261 0.215 0.195 0.178 0.162 0.148 0.135 0.123 0.112 0.126 0.103 0.116 0.107 0.094 0.086 12 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 0.083 0.076 0.069 13 0.601 0.530 0.469 0.415 0.368 0.326 0.290 0.258 0.229 0.204 0.182 0.163 0.145 0.130 0.116 0.104 0.093 0.084 0.075 0.068 0.061 0.055 14 0.577 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 0.049 0.044 15 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 0.035 16 0.534 0.458 0.394 0.163 0.141 0.123 17 0.513 0.436 0.371 0.146 0.125 0.108 18 0.095 19 20 21 22 23 24 25 26 27 28 0.196 29 30 40 0.208 0.142 0.097 0.067 0.046 0.075 0.032 0.339 0.292 0.252 0.218 0.188 0.317 0.270 0.231 0.198 0.170 0.494 0.416 0.350 0.296 0.250 0.212 0.180 0.153 0.130 0.111 0.081 0.069 0.059 0.051 0.475 0.331 0.277 0.232 0.396 0.194 0.164 0.138 0.116 0.098 0.083 0.070 0.051 0.060 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 0.439 0.359 0.294 0.242 0.199 0.164 0.135 0.112 0.093 0.077 0.064 0.053 0.044 0.037 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 0.406 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 0.375 0.295 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 0.333 0.255 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 0.057 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 0.022 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 0.107 0.093 0.081 0.071 0.062 0.054 0.042 0.047 0.036 0.032 0.028 0.080 0.093 0.069 0.060 0.052 0.045 0.039 0.030 0.034 0.026 0.023 0.044 0.043 0.037 0.031 0.037 0.031 0.038 0.032 0.028 0.024 0.021 0.018 0.027 0.023 0.020 0.017 0.014 0.026 0.022 0.019 0.016 0.014 0.012 0.031 0.026 0.022 0.018 0.015 0.013 0.011 0.009 0.009 0.007 EXHIBIT 12B-2 Present Value of an Annuity of $1 in Arrears; 1/r(1-(1/(1+r)^n)) Periods 4% 5% 6% 1 0.962 0.952 0.943 7% 0.935 8% 9% 10% 11% 12% 13% 14% 15% 0.926 0.917 0.909 0.901 0.893 0.885 2 1.886 1.859 1.833 1.808 1.783 1.759 1.736 1.713 1.690 1.668 1.647 3 2.775 2.723 2.673 2.624 2.577 2.531 2.487 2.444 2.402 2.361 2.322 4 3.630 3.465 3.546 3.387 3.312 3.240 3.170 3.102 3.037 2.974 2.914 2.855 5 4.452 4.329 4.212 4.100 3.993 3.890 3.791 3.696 6 5.242 7 6.002 8 6.733 4.917 5.076 5.786 5.582 6.463 6.210 4.767 4.623 4.486 4.355 4.231 3.605 4.111 3.517 3.433 3.352 5.389 5.206 5.033 4.868 4.712 5.971 5.747 5.535 5.335 5.146 9 7.435 7.108 6.802 6.515 6.247 5.995 5.759 4.968 5.537 5.328 10 8.111 7.722 7.360 7.024 6.710 6.418 6.145 5.889 5.650 3.998 3.889 4.564 4.423 4.288 4.799 4.639 5.132 4.946 5.216 3.784 5.426 11 8.760 8.306 7.887 7.499 7.139 6.805 6.495 6.207 5.938 5.687 5.453 12 9.385 8.863 8.384 7.943 7.536 7.161 6.814 6.492 6.194 5.918 5.660 13 9.986 9.394 8.853 8.358 7.904 7.487 7.103 6.750 6.424 6.122 5.842 5.583 5.342 14 10.563 9.899 9.295 8.745 8.244 7.786 7.367 6.982 6.628 6.302 6.002 5.724 15 11.118 10.380 9.712 9.108 8.559 8.061 7.606 7.191 6.811 6.462 6.142 5.847 5.575 5.324 16 11.652 10.838 10.106 9.447 8.851 8.313 7.824 7.379 6.974 6.604 6.265 5.954 5.668 17 12.166 11.274 10.477 9.763 9.122 8.544 8.022 7.549 7.120 6.729 6.373 5.749 6.047 18 12.659 11.690 10.828 10.059 9.372 8.756 8.201 7.702 7.250 6.840 6.467 6.128 19 13.134 12.085 11.158 10.336 9.604 8.950 8.365 7.839 7.366 6.938 6.550 6.198 20 13.590 12.462 11.470 10.594 9.818 9.129 8.514 7.963 7.469 7.025 6.623 6.259 21 14.029 12.821 11.764 10.836 10.017 9.292 8.649 8.075 7.562 7.102 6.687 22 23 24 25 26 14.451 13.163 12.042 11.061 10.201 9.442 14.857 13.489 12.303 11.272 10.371 9.580 15.247 13.799 12.550 11.469 10.529 9.707 15.622 14.094 12.783 11.654 10.675 15.983 14.375 13.003 11.826 10.810 9.929 8.772 8.176 7.645 7.170 6.743 8.883 8.266 7.718 7.230 8.985 8.348 7.283 9.823 9.077 8.422 9.161 27 28 29 16.330 14.643 13.211 11.987 10.935 10.027 9.237 16.663 14.898 13.406 12.137 11.051 10.116 9.307 16.984 15.141 13.591 12.278 11.158 10.198 9.370 8.650 30 40 17.292 15.372 13.765 12.409 | 11.258 10.274 9.427 19.793 17.159 15.046 13.332 11.925 10.757 9.779 8.694 8.951 20% 21% 22% 19% 18% 17% 16% 0.826 0.833 0.820 0.847 0.840 0.877 0.870 0.862 0.855 1.492 1.528 1.509 1.547 1.605 1.585 1.566 1.626 2.106 2.074 2.042 2.140 2.174 2.210 2.246 2.283 2.540 2.494 2.448 2.589 2.639 2.690 2.798 2.743 2.926 2.991 2.864 2.803 3.058 3.127 3.274 3.199 3.326 3.245 3.167 3.092 3.410 3.498 3.685 3.589 3.416 3.327 3.508 3.706 3.605 3.812 4.039 3.922 4.160 3.837 3.726 3.954 4.344 4.207 4.078 4.487 4.031 3.905 3.786 3.673 4.163 4.303 4.451 4.772 4.607 4.054 3.923 3.799 3.682 4.339 4.494 4.192 4.659 4.833 5.019 4.327 4.486 4.177 3.902 3.776 4.035 4.656 5.029 4.836 5.234 4.988 4.793 5.421 5.197 4.910 5.118 5.468 5.229 5.008 5.092 4.876 5.162 4.938 5.405 4.730 5.475 5.222 4.990 4.775 5.534 5.818 5.273 5.033 4.812 5.877 5.584 5.316 5.070 4.843 4.635 4.442 4.263 5.929 5.628 5.353 5.101 4.870 4.657 4.460 4.279 5.973 6.312 5.665 5.384 5.127 4.891 4.675 4.476 4.292 4.121 3.963 6.359 6.011 5.696 5.410 5.149 4.909 4.690 4.488 4.302 4.130 3.970 6.792 6.399 6.044 5.723 5.432 5.167 4.925 4.499 4.703 4.311 4.137 3.976 6.835 6.434 7.784 6.073 5.746 5.451 5.182 4.937 4.713 4.507 4.318 4.143 3.981 6.873 6.464 5.766 5.467 7.843 7.330 6.097 5.195 4.948 4.323 4.721 4.514 7.372 6.906 6.491 8.488 7.896 6.118 5.783 5.480 5.206 4.956 4.728 4.328 4.520 7.943 7.409 6.935 6.514 6.136 5.798 5.492 5.215 4.964 8.548 4.734 4.524 4.332 6.961 7.441 6.534 6.152 5.810 8.602 7.984 5.502 5.223 4.970 4.528 4.739 4.335 7.470 6.983 6.551 6.166 8.022 5.820 5.510 5.229 4.975 4.743 4.337 4.531 7.003 6.566 8.055 7.496 6.177 5.829 5.517 5.235 4.979. 4.746 4.534 4.339 7.634 6.233 8.244 7.105 6.642 5.871 5.548 5.258 4.997 4.760 4.544 4.347 4.166 23% 24% 25% 0.813 0.806 0.800 1.474 1.457 1.440 2.011 1.981 1.952 2.404 2.362 2.745 2.689 3.020 2.951 3.242 3.161 3.619 3.518 3.421 3.329 3.566 3.463 3.571 3.656 4.611 4.439 4.278 4.127 3.985 3.851 3.725 4.715 4.533 4.362 4.203 4.053 3.912 3.780 4.802 4.611 4.432 4.265 4.108 3.962 3.824 4.675 4.489 4.315 4.153 4.001 3.859 4.536 4.357 4.189 4.033 3.887 4.391 4.219 4.576 4.608 4.419 4.243 4.080 3.928 4.097 4.110 4.059 3.910 3.942 3.954 4.147 3.985 4.151 3.988 4.154 3.990 4.157 3.992 4.159 3.994 4.160 3.995 3.999