The local supermarket is considering investing in self-checkout kiosks for its customers. The self-checkout kiosks will cost $48,000 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: $13,000 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 pres (Click the icon to view the future value o aannuity table (Click the icon to view the futu Reference Present Value of Annuity of $1 Round your answer to the nearest whole dollar. Use parentheses or a minus sign for negative net pr Periods 1% | 2% | 3% | 4% | 5% | 6% | 8% | 10% | 12% | 14% | 16% | 18% | 20% 1 0.990 0.980 0.971 0.962 0.952 0.943 0.926 0.909 0.893 0.8770.8620.8470.833 2 1.9701.942 1.913 1.886 1.859 1.833 17831.73616901.647 1.605 1.566 1.528 3 2.941 2884 2.829 2.775 2.7232.673 2.5772.487 2.402 2.322 2.246 2.174 2.106 43.902 3.808 3.7173.6303.546 3.465 3.312 3.170 3.037 2.9142.7982.690 2.589 54.853 4713 4.5804.452 4.329 4.212 3.993 3.791 3.605 3.4333.274 3.127 2.991 The NPV is $ 6 5.795 5.601 5.417 5.2425.0764.917 4.623 4.355 4.111 3.889 3.685 3.49B 3.326 7 6.728 6.472 6.2306.002 5.7865.582 5.206 4.8684.5644.2884.039 3.8123.605 87.652 7.325 7.020 6.733 6.463 6.2105.7475.3354.9684.639 4.3444.078 3.837 9 8.566 8.162 7.786 7.435 7.108 6.802 6.2475.7595.3284.946 4.607 4.303 4.031 10 9.471 8.983 8.530 8.111 7.722 7.3606.710 6.1455.65052164.833 4 4.192 11 10.368 9.787 9.253 8.760 8.306 7.887 7.139 6.4955.9385.4535.029 4.656 4.327 12 11.255 10.5759.954 9.385 8.863 8.384 7.5366.8146.1945.6605.197 4.793 4.439 13 | 12.134 | 11.348| 10.635| g.986 | g.3g4 8.853 | 7.904 | 7.103 | 6.424 | 5.842 | 5.342 | 4.910 | 4.533 14 13.004 12.106 11.296 10.5639.8999.2958.2447.367 6.628 6.002 5.4685.0084.611 15 13.865 12.849 11.938 11.118 10.380 9.712 8.559 7.606 6.8116.142 5.5755.092 4.675 Enter any number in the edit fields and then click Check Answer 20 1B.046 18.351 14.BT7 13.590 12.462 11.470 9.818 8.51474696.6235.929 5.3534.870 25 22.023 19.523 17.413 15.622 14.094 12.783 10.675 9.07T 7.843 6.873 6.0975.4674.948 30 25.808 22.3619.600 17.292 15.372 13.765 11.258 9.427 8.055 7.0036.1775.5174.979 part Reference 1 Future Value of Annuity of $1 Periods 9.48710.08910.730 1141412.14212.916 10.63711.436 12.300 13.23314.240 5.327 16.499 9.7550.159 10.583 11.02711.49112.488 13.579 14.77616.085 17.519 19.086 20.799 10.46210.950 11.464 12.00612.578 13.181 14.4875.937 17.549 19.33721.32123.521 25.959 11.56712.169 12.80813.486 14.20714.972 16.645 8.531 20.655 23.045 25.73328.755 32.150 12.683 13.41214.192 15.026 15.91716.870 18.977 21.384 24.13327.271 30.850 34.93 39.581 13.80914.680 15.618 16.627 17.713 18.882 21.495 24.52328.029 32.08936.786 42.219 48.497 14.94715.974 17.086 18.292 19.599 21.015 24.21527.975 32.393 37.58143.67250.818 59.196 16.09717.293 18.599 20.024 21.57923.276 27.15231.77237.280 43.842 51.660 60.96572.035 22.01924.29726.870 29.778 33.066 36.786 45.762 57.27572.052 91.025 115.380146.628 186.688 28.24332.030 36.459 41.64647.72754.865 73.106 98.347133.334 181.87249.214342.603 471.981 34.78540.56847.575 56.085 66.43979.058113.283164.494241.333356.787530.312790.948 1,181.882 2 7 10 12 13 14 15 20 25 30 2 Print Done Reference Present Value of $1 Periods 1% | 2% | 3% | 4% | 5% | 6% | 8% | 10% | 12% | 14% | 16% | 18% | 20% 0.9900.980 0.9710.962 0.9520.9430.9260.9090.8930.877 0.862 0.847 0.833 2 0.980 0.9610.9430.9250.907 0.890 0.857 0.826 0.7970.7690.743 0.718 0.694 3 0.9710.9420.915 0.8890.8640.840 0.7940.750.712 0.675 0.6410.609 0.579 40.961 0.9240.8880.8550.823 0.792 0.735 0.683 0.636 0.5920.5520.516 0.482 50.9510.9060.863 0.822 0.7840.747 0.6810.6210.5670.519 0.4760.437 0.402 60.942 0.888 0.837 0.7900.746 0.7050.630 0.5640.507 0.456 0.410 0.3700.335 7 0.9330.871 0.813 0.760 0.7110.6650.5830.513 0.452 0.400 0.354 0.3140.279 80.923 0.8530.789 0.731 0.677 0.627 0.540 0.467 0.4040.351 0.3050.2660.233 90.914 0.837 0.7660.7030.6450.592 0.500 0.4240.361 0.3080.2630.2250.194 10 0.9050.820 0.744 0.676 0.6140.5580.4630.3860.322 0.270 0.2270.1910.162 11 0.8960.8040.7220.6500.5850.527 0.429 0.3500.287 0.2370.195 0.1620.135 12 0.8870.7880.701 0.625 0.557 0.4970.3970.3190.257 0.208 0.168 0.1370.112 13 0.879 0.7730.681 0.601 0.530 0.4690.3680.2900.2290.182 0.145 0.116 0.093 14 0.870 0.7580.661 0.577 0.505 0.4420.3400.263 0.2050.160 0.125 0.0990.078 15 0.8610.743 0.642 0.5550.481 0.4170.315 0.2390.1830.140 0.108 0.0840.065 20 0.820 0.673 0.5540.4560.3770.312 0.215 0.149 0.104 0.073 0.0510.0370.026 25 0.780 0.610 0.478 0.3750.2950.233 0.146 0.092 0.059 0.038 0.024 0.016 0.010 30 0.742 0.5520.412 0.3080.231 0.1740.0990.057 0.033 0.020 0.012 0.007 0.004 Print DOone 997 684 333 025 3 11122 23456 78 68974 39 '1 5 .1 9 3 02398 2 2717 1-1 1 1 1 2 23345 678 10 11 66831 76686 488 81 48284 1989 148 27 6821 829 69 I 749 4 233 44567 3 96374 6 542 4163 12457 92471 48384 79 2 2 135 8147-7 23334 6 0-1 2 3 4 6 06009 74199 2807 4 57891 5791 17 723 69 094 2 69 0 1 1 2 3 45567 80123 227 66 07 5% 5 1 1 2 2 34 4 4 5 6 77897 582 4456 77890 633 6 0112 23344 3 4455 804 8 00000 00001 11111 0-2345 12345 6789 1