The management of Kunkel Company is considering the purchase of a $33,000 machine that would reduce operating costs by $8,500 per year. At the end of the machine's five-year useful life, it will have zero salvage value. The company's required rate of return is 16% Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using table. Required: 1. Determine the net present value of the investment in the machine. 2. What is the difference between the total, undiscounted cash inflows and cash outflows over the entire life of the machine? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the net present value of the investment in the machine. (Negative amounts should be indicated by a minus sign. Round your final answer to the nearest whole dollar amount. Use the appropriate table to determine the discount factor(s).) Not present value Required 2 > Exhibit 14B-1 Periods 4% 5% 0.962 0.952 0.943 2 0.925 3 0.889 4 0.855 5 0822 6 7 7% 0.935 0.907 0890 0.873 0.816 0.864 0.840 0.823 0792 0.763 0.784 0.747 0.713 0.790 0.746 0.705 0.666 0.760 6% 8% 9% 10% 11% 14% 0.659 0.731 0.677 0.627 0.582 9 0.703 10 0.676 0650 12 0625 13 14 15 16 17 15 19 20 22 24 25 29 30 40 19% 20% 12% 17% 13% 18% 21% 22% 0.926 0.917 0.909 0.901 0.820 0.893 0385 0877 0.862 | 0.855 0.847 0840 0.833 0826 0.672 0.731 0.718 0.706 0.694 0.683 0.857 0.842 0.826 0.812 0.797 0,783 0.769 0.609 0.593 0624 0.519 0564 0.551 0.794 0.772 0.751 0.731 0.712 0.693 0.675 0437 0423 0.410 0.683 0.451 0.735 0.708 0.636 0613 0.592 0.534 0.516 0.499 0.482 0467 0.370 0328 0.355 0.341 0456 0437 0419 0.402 0386 0.593 0.567 0.543 0519 0.681 0.650 | 0.621 0.507 0.480 0.456 0.630 0.596 0.564 0.535 0390 0.370 0.352 0335 0319 0.303 0.289 0.275 0.262 0.249 0.235 0222 0376 0.354 0.333 0.314 0296 0.279 0.263 0.711 0.665 0.623 0.583 0.547 0.513 0482 0.452 0.425 0.400 0.540 0.502 0.467 0434 0.404 0.376 0.351 0327 0.305 0285 0.266 0.249 0213 0218 0.204 0.191 0179 0284 0.263 0.645 0.592 0.544 0.500 0.460 0.424 0.391 0361 0.333 0243 0.225 0.30 0.209 0.194 0.180 0167 0155 0.144 0.614 0.558 0.508 0.463 0422 0.386 0352 0322 0.295 0.270 0208 0191 0176 0.162 0.149 0.137 0.126 0.116 0247 0227 0.585 0.527 0475 0429 0.388 0.350 0.317 0.287 0.261 0.237 0.178 0.215 0.195 0.162 0.148 0.135 0.123 0.112 0103 0.094 0.086 0092 0.083 0.076 0069 0557 0.497 0.444 0.397 0.356 0.319 0.286 0.257 0.231 0.208 0.187 0.168 0.152 0.137 0124 0.112 0.102 0.601 0.530 0469 0415 0.368 0.326 0.290 0258 0229 0204 0 182 0165 0.145 0110 0116 0.104 0.093 0.084 0.075 0068 0061 0.055 0.099 0340 0.299 0.263 0232 0.205 0181 0.160 0.141 0.125 0.111 0.088 0.078 0.069 0.062 0.055 0.049 0.044 0.577 0.505 0442 0.388 0.0400035 0555 0481 0.417 0.362 0315 0275 0.239 0.209 0.183 0160 0140 0.123 0.108 0095 0,084 0.074 0.065 0.057 0.051 0.045 0.534 0.458 0.394 0.339 0.292 0.252 0.218 0.188 0.165 0.141 0.123 0107 0.093 0.081 0.071 0.062 0.054 0.047 0.042 0.036 0.032 0.028 0039 0.093 0.080 | 0.069 0.060 0.014 0.052 0.045 0513 0436 0371 0317 0.270 0.231 0195 0.170 0145 0125 0.108 0030 0.026 0.023 0.018 0494 0.416 0.350 0.296 0.250 0.212 0.180 0.155 0.150 01110095 0081 0.069 0.059 0.051 0.044 0.038 0032 0028 0.024 0.021 0.037 0.031 0.027 0.023 0.020 0.017 0.014 0.475 0396 0.331 0.277 0.232 0.194 0.164 0.138 0.116 00980055 0070 0060 0.051 0.043 0.456 0377 0312 0.258 0215 0.178 0.149 0.124 0.104 0.087 0.073 0.061 0.051 0.043 0037 0.031 0.026 0.022 0.019 0.016 0.014 0.012 21 0439 0.359 0.294 0.242 0.199 0.164 0135 0112 0.09) 0.077 0.064 0.053 0.044 0.03 0.031 0.026 0.022 0.018 0.015 0.013 0.011 0.009 0422 0342 0.278 0.226 0184 0.150 0123 0101 0.083 0.065 0015 0046 0.038 0.032 0.026 0.022 0.018 0.015 0.013 0.011 0.009 0.007 23 0406 0.326 0.262 0.211 0.170 0.138 0.112 0.091 0.074 0.060 0.049 0040 0033 0.027 0022 0.018 0.015 0.012 0.010 0.390 0310 0247 0197 0.155 0.126 0 102 0052 0.066 0.055 0.043 0035 0.025 0.023 0.019 0015 0013 0.010 0.008 0375 0.295 0233 0.194 0146 0.116 0092 0.074 0.059 0.047 0.035 0.030 0.024 0.020 0.016 0.013 0.010 0.009 0.007 0.006 0.005 0.004 26 0361 021 0220 0172 0.135 0106 0.054 0.066 0.055 0.042 0.033 0.026 0.021 0.017 0.014 0.011 0.009 0.007 0.006 0.005 0.004 0.003 27 0.347 0.268 0207 0.161 0.125 0.098 0.076 0.060 0047 0037 0029 0023 0018 0014 0.011 0.009 0.007 0.006 0.005 0.004 0.003 0.002 0.333 0.255 0196 0150 0.116 0090 0.009 0.054 0042 0.033 0026 0.020 0.016 0.012 0.010 0.008 0.006 0.005 0.004 0.003 0.002 0.002 0.002 0.002 0.002 0321 0241 0185 0.141 0107 0.082 006) 0.048 0.037 0.029 0.02 0017 0014 0011 0.008 0.006 0.005 0.004 0.003 0.003 0.004 0.003 0.003 0.002 0.002 0001 0.30 0.251 0.174 0.131 0.099 0.075 0057 0.044 0.033 0026 0.020 0015 0012 0.009 0.00 0201 0142 0.091 0.067 0.046 0032 0022 0015 0011 000 0005 0.004 0.003 0.002 0.001 0.001 0.001 0.000 0.000 0.000 0.000 0000 15% 16% 23% 24% 25% 0x70 0.756 0.658 0.641 0813 0 806 0.800 0.743 0.661 0.650 0.640 0.537 0.524 0512 0.572 0.552 0497 0.476 0.432 0.410 0210 0168 0.134 0107 0.009 0.00 0.006 0.007 0.006 0.005 Periods 4% 5% 6% 7% 2 3 4. $ 6 7 8 0.962 0.952 0.943 1886 1859 1.833 2.775 2.723 2.673 3.630 3546 3.465 4.452 4.329 4.212 5.242 3.076 4.917 6.002 5786 5.582 6733 9 10 11 8.760 12 Exhibit 14B-2 9% 10% 11% 4.439 0.800 8% 12% 13% 14% 15% 16% 17% 18% 19% 20% 21% 22% 23% 24% 25% 0.935 0.926 0917 0.909 0901 0.893 0.885 0.877 0870 0.862 0.855 0.847 0.340 0.833 0826 0.820 0.813 0.806 1808 1.783 1.759 1.736 1713 1690 1668 1.647 1.626 1.605 1585 1566 1547 1.52% 1.509 1.492 1.474 1457 1440 2.624 2.577 2.531 2.487 2.444 2.402 2361 2.322 2283 2.246 2.210 2.174 2140 2106 2.074 2042 2011 1981 1.952 3387 3312 3.240 3.170 3.102 1037 2974 2.914 2.855 2.798 2.743 2.690 2639 2589 2540 2494 2448 2.404 2.362 4.100 3.993 3.890 3.791 3.696 3.605 3517 3.433 3.352 3.274 3.199 3.127 3.058 2.991 2.926 2.864 2.803 2.745 2.689 4.767 4.623 4.486 4.355 4231 4.111 3998 3889 3784 3.685 3589 3.495 3410 3326 3245 3.167 3.092 3020 2.951 5.389 5.206 5.033 4.868 4.712 4.564 4.423 4.288 4.160 4.019 3.922 3.812 3.706 3.605 3.508 3416 3327 3.242 3.161 3.329 6.461 6.210 5971 5.747 5.535 5.335 5.146 4.968 4.799 4.639 4.487 4344 | 4.207 4.078 3.954 3.837 3726 3.619 3518 3.421 7435 7.108 6.802 6.515 6.247 5.995 5.759 5.537 5.328 5.132 4.163 4.946 4.772 4.607 4.451 4.303 4.031 3.905 3.786 3675 3566 3.463 7360 7.024 6.710 6418 4.339 8.111 7.722 6145 5.889 5.650 5.426 5.216 5.019 4.833 4.659 4.494 4054 3.923 4192 3.799 3.682 3.571 3902 8.306 7.887 7.499 7.139 6805 6.495 6.207 5.938 5687 4486 4327 5.453 5.234 5.029 4836 4.656 4177 4.035 3.776 3656 4611 8.863 8.384 7.943 7.536 7.161 9.385 6814 6.492 6.194 5918 5,660 5421 5.197 4988 4.793 3.985 3.851 3.725 4278 4.12) 13 9.986 9.394 8.853 4.362 4.203 4.053 3912 3.780 8358 7.904 7487 7.103 6750 6.424 6122 5.842 5583 5342 5.118 4.910 4.715 4.533 4.432 4.265 4.802 4.611 4.108 3.962 3.824 10.563 9.99 9.295 8.745 8.244 7.786 7.367 6.982 6628 6302 6.002 5.724 5.468 5.229 5.008 11.118 10.380 9.712 9.108 8.559 8.061 7.606 7.191 6.811 6462 6.142 5.847 5575 5324 5.092 4.876 4.6754.489 4315 4.153 4.001 3.859 4.938 4.730 4536 4.357 4189 4.035 3.887 11.652 10 838 10 106 9.447 8.851 8313 7.824 7379 6.974 6.604 6.265 5.954 5.668 5.405 5.162 12.166 11.274 10.477 9.763 9.122 8544 8.022 7.549 7.120 6.729 6.373 6.047 5.749 5.475 5.222 4.990 4.775 4.576 4391 4219 4.059 3910 12 659 11 690 10.828 10.059 9.372 8.7568.201 7.702 7.250 6840 6.467 6128 5.818 5.534 5.273 5033 4.812 4.608 4.419 4.243 4.080 4.442 42634.097 7.839 7.366 6938 6550 6198 5.877 5584 5.316 5070 4843 4635 8950 8.365 4657 4460 4279 4.110 9.129 8514 7.963 7.469 7.025 6.623 6.259 5.929 5.628 5.353 5.101 4.870 14.029 12.521 11.764 10.836 10.017 9292 649 8.075 7.563 7102 6657 6312 5973 5.665 5.384 5.127 4.891 4.6754.476 4.292 4.121 3963 4.909 4690 4.455 4302 4130 3970 14.451 13.16) 12.042 11 061 10.201 9442 8772 176 7.645 7170 6.743 6359 6011 5696 5410 5149 6.044 5.723 5.432 5.167 4.925 4703 4.499 43114137 3976 14.857 13.489 12.303 11 272 10.371 9.580 8853266 7.718 7230 6.792 6399 15.247 13 790 12 550 11.469 10529 9.707 8945 8.348 7.784 7-283 6135 6.434 6073 5746 5.451 5.112 4.937 4.713 4.507 4310 4.143 3.981 15 622 14 094 12.783 11.654 10.675 9.823 9.077 8.422 7.843 7330 6.875 6.464 6,097 5766 5.467 5195 4.948 4721 4.514 4.323 4147 5.965 4.3520 43284151 3.988 15.983 14.375 13.00) 11326 10.810 9.929 9.161 488 7.896 7372 6906 6.491 6.118 5.783 5.450 5.206 4.956 4.728 16.330 14 643 13 211 11.987 10.935 10.027 9237 548 7.943 7.409 6.935 6.514 6.136 5.798 5.492 5.215 4.964 4.734 4524 4332 4.154 3.990 16 663 14.198 13.406 12 137 11.051 10 116 9.307 602 7.914 7441 6961 6.534 6.152 5.810 5.502 5223 4970 4.739 4.528 4.3135 4157 3093 16.984 15141 13.591 12.278 11 158 10.198 93370 8.650 022 7.470 6.983 6.5516.166 5.830 5510 5229 4.975 4.743 4.551 4.3374159 3994 37.292 15372 13.765 12 409 11.258 30274 9427 694 8.055 7.496 7.005 6566 6.177 5.129 5.517 5235 4979 4746 4534 4.3394160 3.995 19.793 17.159 15.046 13 332 11.925 10.757 9.779 8951 8244 7.634 7.105 6.642 6.233 5.871 5548 5.256 4.997 4760 4544 4347 4166 3.999 14 15 16 17 18 19 20 13.134 12.085 11:158 10.336 9.604 13.590 12.462 11.470 10.594 9818 21 22 23 24 25 26 27 26 29 30 40 3.928 3942 3.954