The local Giant Tiger department store is considering investing in self-checkout kiosks for its customers. The self-checkout kiosks will cost $45,000 and have no residual value. Management expects the equipment to result in net cash savings over three years as customers grow accustomed to using the new technology: $14,000 the first year, $19,000 the second year; $24,000 the third year. Assuming a 10% discount rate, what is the NPV of the kiosk investment? Is this a favourable investment? Why or why not? E (Click the icon to view the present value of an annuity table.) E (Click the icon to view the present value table.) E (Click the icon to view the future value of an annuity table.) E (Click the icon to view the future value table.) (Round your answer to the nearest whole dollar. Use parentheses or a minus sign for negative net present values.) The NPV is $. The NPV is and therefore the kiosks favourable investment i Present Value of Annuity of $1 i Present Value of $1 X Present Value of $1 Periods Period 6% 8% 12% 14% 16% Present Value of Annuity of $1 6% 8% 10% 12% 14% 16% 0.943 0.926 0.909 0.893 0.877 0.862 1.833 1.783 1.736 1.690 1.647 1.605 10% % 0.909 1 1 0.943 0.926 0.893 0.877 0.862 2 2 0.890 0.857 0.826 0.797 0.769 0.743 3 3 0.840 0.794 0.751 0.712 0.675 0.641 4 2.673 2.577 2.487 2.402 2.322 2.246 3.465 3.312 3.170 3.037 2.914 2.798 4.212 3.993 3.791 3.605 3.433 3.274 4 0.792 0.735 0.683 0.636 0.592 0.552 5 5 0.747 0.681 0.621 0.567 0.519 0.476 Future Value of Annuity of $1 1 X - X Future Value of $1 Future Value of $1 Future Value of Annuity of $1 6% 8% 10% 12% 14% Period 16% Period 6% 8% 10% 12% 14% 16% 1 1.000 1.000 1.000 1.000 1.000 1.000 1 1.060 1.080 1.100 1.120 1.140 1.160 2 2.060 2.080 2.100 2.120 2.140 2.160 2 1.124 1.166 1.210 1.254 1.300 1.346 3 3.184 3.246 3.310 3.374 3.440 3.506 3 1.191 1.260 1.331 1.405 1.482 1.561 4 4.375 4.506 4.641 4.779 4.921 5.066 4 1.262 1.360 1.464 1.574 1.689 1.811 01 5.637 5.867 6.105 6.353 6.610 6.877 5 1.338 1.469 1.611 1.762 1.925 2.100