The local supermarket is considering investing in self-checkout kiosks for its customers. The self-checkout kiosks will cost $45,500 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, $21,000 the second year, $27,000 the third year. Assuming a 14% discount rate, what is the NPV of the kiosk investment? Is this a favorable investment? Why or why not? (Click the icon to view the present value of an annuity table.) / (Click the icon to view the present value table.) (Click the icon to view the future value of an annuity table.) 5 (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 $ Periods 0 0 Present Value of Annuity of $1 1% 2% 3% 4% 5% 6% 8% 10% 12% 0.990 0.980 0.971 0.962 | 0.952 0.943 0.926 0.909 0.893 1.970 1.942 1.913 1.886 1.859 1.833 1.783 1.736 1.690 2.9412.884 2.829 2.775 2.723 2.673 2.577 2.487 2.402 3.902 3.808 | 3.717 3.630 3.546 3.465 3.312 3.170 3.037 4853 4.713 4.580 4.452 4.329 4212 3.993 3.791 3.605 5.795 5.601 5.417 5.242 5.076 4.917 4.623 4.355 4.111 6.728 6.472 6.230 6.002 5.786 5.582 5.206 4.868 4.564 7.652 7.325 7.020 6.733 6.463 6.210 5.747 5.335 4.968 8.566 8.162 7.786 7.435 7.108 6.802 6.247 5.759 5.328 9.471 8.983 8.530 8.111 7.722 7.360 6.710 6.145 5.650 10.368 9.787 9.253 8.760 8.306 7.887 7.139 6.495 5.938 11.255 10.575 9.954 9.385 8.863 8.384 7.536 6.814 6.194 12.134 11.348 10.635 9.986 9.394 8.853 7.904 7.103 6.424 13.004 12.106 11.296 10.563 9.899 9.295 8.244 7.367 6.628 13.865 12.849 11.938 11.118 10.380 9.712 8.559 7.606 6.811 18.046 16.351 14.877 13.590 12.462 11.470 9.818 8.514 7.469 22.023 19.523 17.413 15.622 14.094 12.783 10.675 9.077 25.808 22.396 19.600 17.292 15.372 13.765 11.2589.427 8.055 32.835 27.355 23.115 19.793 17.159 15.046 11.925 9.7798.244 14% 0.877 1.647 2.322 2914 3.433 3.889 4.288 4.639 4.946 5.216 5.453 5.660 5.842 6.002 6.142 6.623 6.873 0 16% 0.862 1.605 2246 2.798 3.274 3.685 4.039 4.344 4.607 4.833 5.029 5.197 5.342 5.468 5.575 5.929 6.097 6.177 6.233 20% 0.833 1.528 2. 106 2.589 2.991 3.326 3.605 3.837 4.031 4.192 4.327 4.439 18% 0.847 1.566 2.174 2.690 3.127 3.498 3.812 4.078 4.303 4.494 4.656 4.793 4.910 5.008 5.092 5.353 5.467 5.517 5.548 4.611 7.843 948 7.003 979 7.105 997 Periods 0.694 coonWN 1% 2% 0.990 0.980 0.980 0.961 0.971 0.942 0.961 0.924 0.951 0.906 0.942 0.888 0.933 0.871 0.923 0.853 0.914 0.837 0.905 0.820 0.896 0.804 0.887 0.788 0.879 0.773 0.870 0.758 0.861 0.743 0.820 0.673 0.780 0.610 0.742 | 0.552 0.672 0.453 3% 0.971 0.943 0.915 0.888 0.863 0.837 0.813 0.789 0.766 0.744 0.681 4% 0.962 0.925 0.889 0.855 0.822 0.790 0.760 0.731 0.703 0.676 0.650 0.625 0.601 0.577 0.555 0.456 0.375 0.308 0.208 Present Value of $1 5% 6% 8% 10% 0.952 0.943 0.926 0.909 0.907 0.890 0.857 0.826 | 0.864 0.840 0.794 0.751 0.823 0.792 0.735 0.683 0.784 0.747 0.621 0.746 0.705 0.630 0.564 0.711 0.665 0.583 0.513 0.677 0.627 0.540 0.467 0.645 0.592 0.500 0.424 0.614 0.558 0.463 0.386 0.585 0.527 0.429 0.350 0.557 0.497 0.397 0.319 0.530 0.469 0.368 0.290 0.505 0.442 0.340 0.263 0.481 0.417 0.315 0.239 0.377 0.312 0.215 0.149 0.295 0.233 0.092 0.231 0.174 0.099 0.057 0.142 0.097 0.046 0.022 12% 14% 16% 0.893 0.877 0.862 0.797 0.769 0.743 0.712 0.675 0.641 0.636 0.592 0.552 0.567 0.519 0.476 0.507 0.456 0.410 0.452 0.400 0.354 0.404 0.351 0.305 0.361 0.308 0.263 0.322 0.270 0.227 0.287 0.237 0.195 0.257 0.208 0.168 0.229 0.182 0.145 0.205 0.160 0.125 0.183 0.140 0.108 0.104 0.073 0.051 0.0590.038 0.024 0.033 0.0200.012 0.0110.005 0.003 18% 20% 0.847 0.833 0.718 0.609 0.579 0.516 0.482 0.437 0.402 0.370 0.335 0.314 0.279 0.266 0.233 0.225 0.194 0.191 0.162 0.162 0.135 0.137 0.112 0.116 0.093 0.099 | 0.078 0.084 0.065 0.026 0.016 0.010 0.007 0.004 0.001 0.001 0.722 0.701 0.681 0.661 0.642 0.554 0.478 0.412 0.037 0.146 Periods 14 | 16 1.000 2.010 2060 2160 3.030 36 1.000 2.030 3.091 4.184 5.30S 6.68 4.60 5.101 6.152 | 25% 1.000 2.020 3.060 4.122 5.204 6.303 7.34 8.583 9.755 10.950 2.169 3.412 7.662 123 4 5 6Tggun2UB 16.025 7.214 8.286 9.369 10.462 11.567 12.683 6.809 14.947 16.037 22.19 28.243 2.725 48.885 8.882 10.159 11.464 12.808 14.192 15.513 17.085 8.599 26.870 38.59 47.575 75.401 Future Value of Annuity of $1 | 5% 6% 3% | 10% 12: 16% | 18% | 20% 1.000 1.000 | 1.000 1.000 1.000 1.000 1.000 1.000 1.000 2.150 2.080 2.100 2.120 2.140 2.180 2.200 3.153 3.184 3.245 3310 3374 3.40 3.506 3.572 3.40 4.310 4.375 4.505 4.5.1 4.779 4.921 5.066 5.215 5.368 5.526 5.637 5.867 6.115 6.353 6.510 6.877 7.15. 7.42 6.802 6.975 7.336 7.716 8.115 8.536 8.377 3.42 9.930 8.142 8.394 8.323 9487 10.089 10.730 11.414 12.142 12.916 9.549 9.897 10.637 11.436 12.300 3.233 12.20 16.327 16.499 11.027 11.491 12.483 .579 1.776 7.519 19.086 20.799 12.578 3.181 14.487 15.937 7.549 19.337 21.321 28.521 25.959 1.207 1.372 16.645 12.531 20.555 23.045 25.733 28.755 32.150 15.317 16.870 18.977 21.384 22.133 30.850 2.31 38.581 17.13 12.882 21.495 22.523 28.029 32.089 36.786 42.219 48.97 9.59 21.015 22.215 27.975 32.393 43.572 50.813 8.196 21.579 3.276 27.152 31.772 37.280 43.842 51.660 60.965 72.035 33.066 36.786 45.762 7.275 72.052 1.025 115.380 146.23 15.688 47.727 2.265 3.106 28.347 133.334 181.871 249.214 342.50 | 471.981 66.439 79.053 113.283 16.94 241.333 | 356.787 || 520.312 1 0.343 11 181.882 120.800 | 16..762 25.057 442.593 | 767.031 |1,342.025 | 2.360.757 | 4.163.213 | 343.858 1.00 2.040 3.122 4.246 5.16 6.633 7.888 9.212 10.583 12.006 .486 15.026 16.627 18.292 20.024 25.773 41.546 55.085 25.026 37.581 32.30 40.568 60.402 Periods | | 6% 88 26 1.020 1.040 1.061 1.082 1.104 3 1.030 1.061 1.033 1.126 1.153 48 1.0.0 1.082 1.125 1.170 1.217 1.166 1.126 1265 1.316 3.583 1% 1.010 1.020 1.030 1.0.1 1.151 1.062 1.072 1.08 1.09. 1.105 1.116 1.127 1.138 1.149 1.161 1.220 1363 2144 23 4 5 6789mm2 BB95mm 1.148 1.172 1.195 1.219 1.243 1.268 1.234 1.313 1.346 1.45 1.5.1 1.811 2.208 2594 1.194 1.230 1.267 1.305 1.3L 1.384 1.426 1.63 1.513 1.558 1.806 5% 1.150 1.103 1.158 1.216 1.276 1.340 1.407 1.47 1.551 1.22 1.710 1.796 1.226 1.980 2.078 2.653 3.386 4.322 7.040 Future Value of $1 | 10% | 12% 1.060 1.080 1.100 1.120 1.12. 1.210 1.254 1.151 1.260 1.331 1.405 1.262 1.360 1.45. 1.574 1.333 1.69 1.611 1.762 1.413 1.587 1.772 1.972 1.504 1.71 1.949 2.211 1.594 1.851 2476 1.683 1.999 2.358 2.773 1.791 2.168 3.106 1.898 2.332 3.479 2.12 2.518 3.138 3.895 2.133 2.720 4.363 2.251 2.937 3.797 4.887 2.397 3.172 4.17 5.72 3.207 4.661 6.727 9.646 6.848 10.835 17.000 5.743 10.063 17.449 29.960 | 10.286 | | 21.725 | 45.259 | 2.051 1.423 1.80 1.539 1.601 1.665 1.732 1.301 2.1931 2.666 3.243 4.801 | 14% 1.140 1.300 1.82 1.589 1.325 2.195 2.502 2.853 3.252 3.707 4.226 4.218 5.492 6.251 7.138 13.743 26.62 50.350 18.884 | 16% | 18% 20% 1.160 1.180 1.200 1.346 1.392 1.440 1.561 1.5-3 1.728 1.311 1.933 2.074 2.100 2.288 2488 2435 2.700 2986 2.826 3.185 3.278 3.759 4.300 3803 5.160 4.41 5.234 6.192 5.117 6.176 7.430 5.336 7.288 8.316 6.886 8.599 10.699 7.988 10.147 12.839 19.255 11.974 15.407 | 19461 38.338 40.874 62.669 96.396 | 85.850 143.371 237.376 | 378.721 | 750.373 |1.469.72 3.52 27.39% 1.222 2.03. 4.292 1.348 1.83 2427 3.262