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the following data pertain to an investment proposal (ignore income taxes): The following data pertain to an investment proposal (Ignore income taxes.): Cost of the

the following data pertain to an investment proposal (ignore income taxes):
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The following data pertain to an investment proposal (Ignore income taxes.): Cost of the investment Annual cost savings Estimated salvage value Life of the project Discount rate $56,000 $ 16,000 $ 6,000 5 years 108 Click here to view Exhibit 128-1 and Exhibit 128-2, to determine the appropriate discount factor(s) using the tables provided. The net present value of the proposed investment is closest to: EXHIBIT 120-1 Present Value of $1: * Periods 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 16% 17% 18% 19% 20% 21% 22% 23% 20% 25% 1 0962 0.952 0943 0935 0926 0.917 0909 0.901 0.893 0.885 0877 08700862 0.855 08470840 0833 0826 0820 08130806 0800 2 0925 0907 0.890 0873 0.857 0842 0.826 0812 0797 0.783 0769 0.756 0743 0731 0.7180.706 0.694 0683 0672 0.661 0650 0640 3 0889 0864 0.840 08160794 0772 0.751 0731 07120693 0675 0658 0641 0624 06090.593 0.579 0564 0551 0.537 0.524 0512 4 0855 0823 0.792 0763 0735 0.708 0683 0659 0636 0613 0.592 0572 0552 0.534 0516 0.499 0482 0.467 0.451 0.437 0423 0410 5 0822 0.784 0747 07130681 0650 0621 0.593 0567 0543 0.519 0497 0.476 0.456 0.437 0419 0.402 0386 0370 0.355 03410328 6 0790 0746 0.705 0666 06300596 0564 0535 0507 0480 0456 0432 04100390 0.370 0352 0.335 0319 0.303 0.289 0275 0262 7 0760 0711 0665 0623 0583 0547 0513 04820452 0425 0.400 0.376 0354 0333 03140296 0 279 0263 0249 0235 0222 0210 8 0731 06770627 0582 0540 0.502 0667 0434 0404 0376 0351 0327 0305 0285 0266 0249 0233 0218 0204 0.191 01790168 9 0703 0645 0.592 0544 0.500 0.460 04240391 0361 0333 0308 0284 0263 0243 0225 0209 0.194 01800167 0155 014 0134 10 0.676 0614 0558 0508 0463 0422 0.386 0352 0322 0295 0.270 0247 0227 0208 0191 0176 0162014901370126 0116 0107 11 0650 0.585 0527 0.475 0.429 0.388 03500317 0287 0.261 0237 02150195 0178 0162 0148 0.135 01230112 0.10300940086 12 0625 0557 0.497 0444 0397 0.356 0319 0286 0257 0231 0208 0187 0168 0152 0137 0124 01120102 0092 0.083 0076 0069 13 0.601 0530 0.469 0415 0,368 0.326 0290 0258 0229 0204 0182 0163 014501300116 0104 0.093 0084 0.075 0.068 0061 0055 14 057 0505 0442 0388 0.340 0.299 0263 0232 0205 0181 01600141 01250111 0099 0088 0.078 0069 0062 0055 0049 0044 15 0555 0.481 0417 0.362 0.315 0275 0239 0209 0183 0160014001230108 0095 0.084 0074 0.065 0057 0051 0.045 0040 0035 16 0534 0.458 0.394 0339 0292 0252 0218 0188 0163 01410123 0107 0093 0081 007 0062 0054 0047 0042 0036 0032 0028 17 05130436 0371 03170270 0231 0198 0170014601250108 0093 00800069 00600052 0045 0039 0034 0030 0026 0023 18049404160350 0296 0.250 0 212 01800153 013001110095 0081 0069 0059 0051004 0038 0032 0028 0.024 0.021 0018 190475 0.396 0331 0277 0232 0194 0164 0138 01160098 0083 007000600051 0043 0037 0031 0027 0023 0020 0.01 001 20 0.456 0377 0312 0258 02150178 014901240104 0.087 0073 0061 0051 0.043 00370031 0026 0022 00190 016 0010012 21 0439 0.359 0294 0242 0199 0164 013501120093 0077 0064 0053 004 0037 00310026_0022 0018 00150013 0011 0009 22 0422 0.342 0278 0226 0184 01500123 01010083 0068 0056 0046 0038 0032 00260022 001800150013 0011 0009 0007 23 0406 0326 0262 0211 01700138 01120091 0.074 0060 0049 0000 0033 0027 0022 0.018 00150012 0010 0009 0007 0006 24 0.390 0310 0247 0.197 0158 0126 0102 0082 0066 0053 0043 0035 0028 0023 0.01900150013 0010 000R0007 0006 0005 25 0.375 0295 023301840146 0116 0092 0074 0.059 0047 0038 0.030 0024 0020 00160013 0010 0009 0007 0006 00050004 26 0361 0281 0220 0172 01350106 00B40066 0.053 0042 0033 0026 0.021 0.017 0010011 0009 0007 0006 0005 0004 0003 27 0347 0268 0207 0161 0125 0098 00760060 0047 0037 0029 0023 0.018 0.014 0011 0009 0007 0006 0005 0004 0.003 0002 28 0333 0255 0196 0150 0.116 00900069 0054 0042 0033 0026 0020 0016 0012 0010 0008 0006 0005 0004 0003 0002 0002 29 0321 0243 0185 01110107 0082 0063 0.048 0.037 0.029 0022 001 002 0011 0008 0.006 0.005 0.004 0.003 0.002 0.002 0.002 30 0.308 0231 0174 013100990075 0057 0.044 0033 0.026 00200015 0012 0009 0007 0.005 0.004 0.003 0.003 0002 0.002 0.001 40 0208 042 0097 0.067 0.046 00320022 0.015 0011 000 0005 0.004 0.003 0.002 0001 0001 0.001 0.000 0.000 0000 0000 0000 EXHIBIT 128-2 Present Value of an Annuity of S1 in Arrears: 1 - Periods 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 16% 17% 18% 19% 20% 21% 22% 23% 24% 25% 1 0962 0.952 0943 09350926 0917 0.909 0.901 0.893 0.885 0.877 0.870 0862 0855 0.847 0840 0.833 0826 0820 0813 0.806 0.800 1886 1859 1833 1808 1783 1759 1736 173 1690 1668 1647 1626 1605 1585 1566 1547 1528 1509 1492 1474 1457 1.440 3 2.775 2723 2673 2624 2.577 2531 2487 2444 2402 2361 2322 2283 2246 2210 2174 2140 2106 2074 2042 2011 1981 1952 4 3.630 3.546 3.465 3.387 3.312 3240 3.170 3102 3037 2974 2974 2855 2798 2743 2690 2639 2589 2540 2494 2448 2404 2362 5 4452 4329 4212 4100 3.9933890 3.791 3696 3605 3517 3.433 3352 3274 3199 3127 3058 2991 2926 2864 2803 2745 2689 6 5242 5.076 4.917 4.767 4.623 4486 4355 4 231 4.111 3998 3889 3784 3.685 3589 3.498 3410 3.326 3245 3167 3.092 3.020 2951 7 6.002 5.786 558253895206 5033 4868 4712 4564 4423 4288 4160 4039 3922 3812 3706 3.605 3.508 3416 3.327 3242 3.161 8 6.733 6.463 6.210 5.971 5747 5535 5335 5.146 4.968 4799 4639 4487 43444207 4078 3954 3.837 3.726 3619 3518 3.421 3.329 9 7 435 7108 6.802 6515 6.247 5.995 5759 5.537 5328 5132 4946 472 4607 4451 4303 4163 4031 3.905 3786 3.673 3.566 3.463 10 8111 7722 7360 7024 6710 6418 6145 5889 5650 5426 5216 5019 4833 4659 4494 4339 4192 40543923 3799 3682 3571 11 8760 83067887 749971396805 6 495 6 207 5938 5687 5453 5 234 5029 48364656 4486 4327 417 4035 3902 3776 3656 129.385 8863 8384 7943 7536 7161 6814 6492 6194 5918 5660 5421 5197 4988 4793 461 4439 4278 4127 3985 3851 3725 139.986 9.394 8853 8.358 .7904 7487 7103 6.750 6424 6122 5842 5583 5 342 5118 4910 4715 4533 4362 4203 4053 3912 3.780 14 10563 989992958745 8 244 77867367 6982 6 628 6302 6002 5724 5468 5229 5008 4802 461 4432 4265 4108 3962 3824 1511118 103809712 9108 8559 R061 7606 7191 6811 6462 6142 58475575 5324 5092 4876 4675 4489 4315 4153 4001 3859 16 11652 1083810106 9447 8851 83137824 7379 6974 6604 6 265 5954 5668 5405 51624938 47304536 4357 4189 4033 3.887 17 2.166 11274 10.477 9763 9122 8544 8022 75497120 6729 6373 6047 5749 5475 5222 4 990 4775 4576 4391 4219 4059 3.910 18 2659 11690 10828 10.0599372 8756 8201 77027250 6840 6467 6.128 5818 5534 5273 5033 48124608 4419 4243 4080 3.928 193.134 12.085 11158 10336 9.604 8950 8365 7839 7356 6938 6550 6.198 5877 5584 5316 5.070 4843 4635 4442 4263 4097 3942 2013 590 1246211470 10.5949818 9129 851 7963 7469 7025 6623 6.259 5929 5628 5353 51014870 4657 4460427941103954 21 14.029 12.821 11764 10.836 10.017 9292 8649 8.075 7562 7102 6687 6.312 5973 5665 5384 51274891 4675 4476 429241213963 22 14.451 13.163 12.042 11061 10 201 9.442 8712 81767645 2170 6743 6.359 6 011 5.696 5410 5149 4.909 4690 4488 4302 4130 3.970 23 14857 13.489 12.303 11272 10371 9580 8883 8.266 7718 7230 6792 6,399 6,044 57235432 5167 4925 4.703 4499 4311 4137 3.976 24 15 247 13.799 12.550 11469 10.529 9707 8985 8.348 7784 7283 6835 6.434 6.073 5746 5.451 5182 4937 4.73 4507 4318 4.143 3.981 25 15.622 14094 12.783 11654 10675 9.8239.077 8.422 7843 7330 6873 6 454 6097 5.766 5467 51954948 4.721 4514 4323 4147 3985 26 15.983 14375 13.003 11826 10 810 9929 9161 8.488 7896 7372 6.906 6.491 6.118 5.783 5.480 5 206 4 956 4.728 4520 4328 4151 3988 27 16 330 14643 13 211 11987 10.935 10.027 9.237 8.548 7943 7409 6.935 6.514 6136 5798 5492 5 215 4964 4734 4524 4332 4154 3.990 28 16.663 1898 13.406 12.137 11051 10.116 9.307 8.602 7984 7441 6.961 6,534 6152 5810 5.502 5.223 4.970 4.739 4528 4335 4157 3.992 29 16.984 15.141 13.591 12.278 11.158 10.1989.370 8.650 8022 7470 6.983 6.551 6166 5820 5510 5229 4.975 4.743 4531 4337 4159 3.994 30 17.292 15.372 13.765 12.409 11 258 10.274 9.427 8694 8055 74967003 6.566 6.1775829 5517 5 235 4.9794.746 4534 433941603.995 40 19 793 17159 15.046 13.332 11925 10.757 9779 8951 8244 7634 7105 6612 6233 58715548 5258 4997 4760 4544 4347 4166 3.999 The net present value of the proposed investment is closest to: Multiple Choice $34,000 $3,726 $8,382 S4,656

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