The Davis Company is proposing to spend $3,459,200 on a project that has estimated net cash flows of $470,000 for each of the next 10 years. (NOTE: see the present value tables below.) Question 1: Using a rate of 10%, calculate the Net Present Value of the project. Question 2: Calculate the Internal Rate of Return for the project. Present Value of $1 at Compound Interest Year 2 3 4 6% 0.943 0.890 0.840 0.792 0.747 0.705 0.665 0.627 0.592 0.558 10% 0.909 0.826 0.751 0.683 0.621 0.564 0.513 0.467 0.424 0.386 12% 0.893 0.797 0.712 0.636 0.567 0.507 0.452 0.404 0.361 0.322 15% 0.870 0.756 0.658 0.572 0.497 0.432 0.376 0.327 0.284 0.247 20% 0.833 0.694 0.579 0.482 0.402 0.335 0.279 0.233 0.194 0.162 9 10 Present Value of an Annuity of $1 at Compound Interest Year 2 3 696 0.943 1.833 2.673 3.465 4.212 10% 0.909 1.736 2.487 3.170 3.791 12% 0.893 1.690 2.402 3.037 3.0 15% 0.870 1.626 2.283 2.855 3.353 20% 0.833 1.528 2.106 2589 2.991 MacBook Pro Year 2 3 696 0.943 0.890 0.840 0.792 0.747 0.705 0.665 0.627 0.592 0.558 10% 0.909 0.826 0.751 0.683 0.621 0.564 0.513 0.467 0.424 0.386 1296 0.893 0.797 0.712 0.636 0.567 0.507 0.452 0.404 0.361 0.322 15% 0.870 0.756 0.658 0.572 0.497 0.432 0.376 0.327 0.284 0.247 2096 0.833 0.694 0.579 0.482 0.402 0.335 0.279 0.233 0.194 0.162 7 8 9 10 Present Value of an Annuity of $1 at Compound Interest Year 696 10% 12% 15% 2 0.943 1.833 2.673 3.465 4.212 4.912 5.582 6.210 6,802 7.360 0.909 1.736 2.487 3.170 3.791 4.355 4,868 5,335 5.759 6.145 0.893 1.690 2.402 3.037 05 4.111 4.564 4.968 5.328 5.650 0.870 1.626 2.283 2.855 3.353 3.785 4.160 4.487 4.772 5.019 20% 0.833 1.528 2.106 2.589 2.991 3.326 3.605 3.837 4.031 4.192 10