The management of Kunkel Company is considering the purchase of a $25,000 machine that would reduce operating costs by $6,000 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 11% 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 What is the difference between the total, undiscounted cash inflows and cash outflows over the entire life of the machine? (Any cash outflows should be indicated by a minus sign.) Total difference in undiscounted cash inflows and outflows 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).) Net present value Periods 4% 6% I 0.962 5% 0.952 0.943 0.935 7% 63 8% 0.926 2 0.925 0.907 0.890 0.873 0.857 3 0.889 0.864 0.840 4 0.855 0.823 0.792 5 0.822 0.784 6 0.790 0.746 7 0.760 0.711 8 0.731 0.677 0.627 9 0.703 0.645 0.592 0.544 10 0.676 0.614 0.558 0.508 0.463 11 0.650 0.585 0.527 0.475 0.429 12 0.625 0.557 0.497 0.444 0.397 13 0.601 0.530 0.469 0.415 14 0.577 0.505 0.442 0.388 0.340 0.299 15 0.555 0.481 0.417 0.362 0.315 0.275 0.239 16 0.534 0.458 0.394 0.339 0.292 0.252 0.218 17 0.513 0.436 0.371 0.317 0.270 0.231 0.198 18 0.494 0.416 0.350 0.296 0.250 0.212 19 0.475 0.396 0.331 0.277 0.232 0.194 20 0.456 0.377 0.312 0.258 0.215 21 0.439 0.359 0.294 0.242 22 23 0.422 0.342 0.278 0.226 0.406 0.326 0.262 0.211 24 0.390 0.310 0.247 0.197 25 26 0.361 0.281 27 0.347 0.268 2 28 0.333 0.255 29 0.321 0.243 0.220 0.172 0.135 0.207 0.161 0.125 0.196 0.150 0.116 0.185 0.141 0.107 0.090 0.069 0.082 0.063 0.069 0.059 0.164 0.138 0.116 0.070 0.060 0.051 0.178 0.149 0.124 0.104 0.087 0.073 0.061 0.051 0.043 0.037 0.199 0.164 0.135 0.112 0.093 0.077 0.064 0.053 0.044 0.037 0.031 0.026 0.184 0.150 0.123 0.101 0.083 0.068 0.056 0.046 0.038 0.032 0.026 0.022 0.170 0.138 0.112 0.091 0.074 0.060 0.049 0.040 0.033 0.027 0.022 0.018 0.158 0.126 0.102 0.082 0.066 0.053 0.043 0.035 0.028 0.023 0.019 0.015 0.013 0 0.375 0.295 0.233 0.184 0.146 0.116 0.092 0.074 0.059 0.047 0.038 0.030 0.024 0.020 0.016 0.013 0.010 0 0.106 0.084 0.066 0.053 0.042 0.033 0.026 0.021 0.017 0.014 0.011 0.009 0 0.098 0.076 0.060 0.047 0.037 0.029 0.023 0.018 0.014 0.011 0.009 0.007 0.054 0.042 0.033 0.026 0.020 0.016 0.012 0.010 0.008 0.006 0. 0.048 0.037 0.029 0.022 0.017 0.014 0.011 0.008 0.006 0.005 0. 9% 10% 11% 12% 13% 14% 15% 16% 17% 18% 19% 20% 0.917 0.909 0.901 0.893 0.885 0.877 0.870 0.862 0.855 0.847 0.840 0.833 0.842 0.826 0.812 0.797 0.783 0.769 0.756 0.743 0.731 0.718 0.706 0.694 0.816 0.794 0.772 0.751 0.731 0.712 0.693 0.675 0.658 0.641 0.624 0.609 0.593 0.579 0.763 0.735 0.708 0.683 0.659 0.636 0.613 0.592 0.572 0.552 0.534 0.516 0.499 0.482 0.747 0.713 0.681 0.650 0.621 0.593 0.567 0.543 0.519 0.497 0.476 0.456 0.437 0.419 0.402 0.705 0.666 0.630 0.596 0.564 0.535 0.507 0.480 0.456 0.432 0.410 0.390 0.370 0.665 0.623 0.583 0.547 0.513 0.482 0.452 0.425 0.400 0.376 0.354 0.333 0.314 0.296 0.582 0.540 0.502 0.467 0.434 0.404 0.376 0.351 0.327 0.305 0.285 0.266 0.249 0.500 0.460 0.424 0.391 0.361 0.333 0.308 0.284 0.263 0.243 0.225 0.209 0.194 0.422 0.386 0.352 0.322 0.295 0.270 0.247 0.227 0.208 0.191 0.176 0.162 0.388 0.350 0.317 0.287 0.261 0.237 0.215 0.195 0.178 0.162 0.148 0.135 0.356 0.319 0.286 0.257 0.231 0.208 0.187 0.168 0.152 0.137 0.124 0.112 0.368 0.326 0.290 0.258 0.229 0.204 0.182 0.163 0.145 0.130 0.116 0.104 0.093 0.263 0.232 0.205 0.181 0.160 0.141 0.125 0.111 0.099 0.088 0.078 0.209 0.183 0.160 0.140 0.123 0.108 0.095 0.188 0.163: 0.141 0.123 0.107 0.170 0.146 0.125 0.180 0.153 0.130 0.111 0.352 0.335 0.279 0.233 0.084 0.074 0.065 0.093 0.081 0.071 0.062 0.054 0.108 0.093 0.080 0.069 0.060 0.052 0.045 0.095 0.081 0.051 0.044 0.038 C 0.098 0.083 0.043 0.037 0.031 0.031 0.026 0 0.022 0 0.018 0 0.015 0 0. Periods 4% 1 0.962 2 1.886 3 2.775 5% 6% 7% 0.952 0.943 0.935 0.926 1.859 1.833 1.808 2.723 2.673 8% 1.783) 4 3.630 3.546 5 4.452 3.465 4.329 4.212 6 5.242 5.076 4.917 7 6.002 5.786 5.582 5.389 8 6.733 6.463 6.210 5.971 5.146 4.968 4.799 4.639 4.487 4.344 4.207 9 7.435 7.108 6.802 6.515 6.247 5.995 10 8.111 7.722 7.360 7.024 6.710 6.418 11 8.760 8.306 7.887 7.499 7.139 6.805 12 9:385 8.863 8.384 7.943 7.536 13. 9.986 9.394 8.853 8.358 14 10.563 9.899 9.295 8.745 15 11.118 10.380 9.712 9.108 7.161 7.904 7.487 8.244 7.786 8.559 8.061 16 11.652 10.838 10.106 9.447 8.851 8.313 17 12.166 11.274 10.477 9.763 9.122 8.544 18 12.659 11.690 10.828 10.059 9.372 8.756 19 13.134 12.085 11.158 10.336 9.604 8.950 8.365 20 21 13.590 12.462 11.470 10.594 9.818 14.029 12.821 11.764 10.836 10.017 9.292 9.129 8.514 8.649 22 23 14.451 13.163 12.042 11.061 10.201 14.857 13.489 12.303 11.272 10.371 9.580 9.442 8.772 8.883 24 25 26 15.247 13.799 12.550 11.469 10.529 9.707 15.622 14.094 12.783 11.654 10.675 9.823 9.077 15.983 14.375 13.003 11.826 10.810 9.929 9.161 8.488 8.985 9% 10% 11% 12% 13% 14% 15% 16% 17% 18% 19% 20% 21% 22% 2 0.917 0.909 0.901 0.893 0.885 0,877 0.870 0.862 0.855 0.847 0.840 0.833 0.826 0.820 0 1.759 1.736 1.713 1.690 1.668 1.647 1.626 1.605 1.585 1.566 1.547 1.528 1.509 1.492 2.624 2.577 2.531 2.487 2.444 2.402 2.361 2.322 2.283 2.246 2.210 2.174 2.140 2.106 2.074 2.042 3.387 3.312 3.240 3.170 3.102 3.037 2.974 2.914 2.855 2.798 2.743 2.690 2.639 2.589 2.540 2.494 4.100 3.993 3.890 3.791 3.696 3.605 3.517 3.433 3.352 3.274 3.199 3.127 3.058 2.991 2.926 2.864 4.767 4.623 4.486 4.355 4.231 4.111 3.998 3.889 3.784 3.685 3.589 3.498 3.410 3.326 3.245 3.167 3 5.206 5.033 4.868 4.712 4.564 4.423 4.288 4.160 4.039 3.922 3.812 3.706 3.605 3.508 3.416 3 5.747 5.535 5.335 3.726 3.619 3. 5.759 5.537 5.328 5.132 4.946 4.772 4.607 4.451 4.303 4.163 4.031 3.905 3.786 3. 6.145 5.889 5.650 5.426 5.216 5.019 4.833 4.659 4.494 4.339 4,192 4.054 3.923 3. 6.495 6.207 5.938 5.687 5.453 5.234 5.029 4.836 4.656 4.486 4.327 4.177 4,035 3. 6.814 6.492 6.194 5.918 5.660 5.421 5.197 4.988 4.793 4.611 4.439 4.278 4.127 3. 7.103 6.750 6.424 6.122 5.842 5.583 5.342 5.118 4.910 4.715 4.533 4.362 4.203 4. 7.367 6.982 6.628 6.302 6.002 5.724 5.468 5.229 5.008 4.802 4.611 4.432 4.265 4. 7.606 7.191 6.811 6.462 6.142 5.847 5.575 5.324 5.092 4.876 4.675 4.489 4.315 4. 7.824 7.379 6.974 6.604 6.265 5.954 5.668 5.405 5.162 4.938 4.730 4.536 4.357 4 8.022 7.549 7.120 6.729 6.373 6.047 5.749 5.475 5.222 4.990 4.775 4.576 4.391 42 8.201 7.702 7.250 6.840 6.467 6.128 5.818 5.534 5.273 5.033 4.812 4.608 4.419 42 7.839 7.366 6.938 6.550 6.198 5.877 5.584 5.316 4.843 4.635 4.442 4.2 7.963 7,469 7.025 6.623 6.259 5.929 5.628 5.353 4.870 4.657 4.460 42 8.075 7.562 7.102 6.687 6.312 5.973 5.665 5.384 5.127 4.891 8.176 7.645 7.170 6.743 6.359 6.011 5.696 5.410 5.149 8.266 7.718 7.230 6.792 6.399 6.34 5.723 5.432 5.167 4.925 8.348 7.784 7.283 6.835 6.434 6.073 5.746 5.451 5.182 4.937 4,713 8.422 7.843 7.330 6.873 6.464 6.097 5.766 5.467 5.195 4.948 4.721 7.896 7372 6.906 6.491 6.118 5,783 5.480 5.206 4.956 4.728 4.078 3.954 3.837 5.070 5.101 4.675 4.476 4.2 4.909 4.690 4.488 + 4.703 4.499 4 4.507 43 4.514 43 4.520 4