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The management of Penfold Corporation is considering the purchase of a machine that would cost $320,000, would last for 5 years, and would have no

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The management of Penfold Corporation is considering the purchase of a machine that would cost $320,000, would last for 5 years, and would have no salvage value. The machine would reduce labor and other costs by $76,000 per year. The company requires a minimum pretax return of 12% on all investment projects. Click here to view Exhibit 128.1 and Exhibit 12B-2. to determine the appropriate discount factor(s) using the tables provided. The net present value of the proposed project is closest to (Ignore income taxes.): EXHIBIT 128-1 Present Value of St. Periods 43 59 6 AD B: 6s 1746% 20.25%,25% 1 0952 052 094] 0935 0926 097 1909 0901 0893 0885 087P OND 1862 1855 847 0840 0833 0826 0820 0 0 RO6.0800 2 0925 0907 08910 08 0857 0842 1426 08207073 0769 06 0743 0 0 THE 0706 0694 0685 0 06611650 0 640 3 089 086 0840 086 0794 072 051 0731 072 0693 0655 0658 0641 0624 0609 0593 059 6561 0 0537 0524 057 085 08 092 0763 0745 0708 06830659 066 063 0592052 0552 0534 0516 10 49 0.482 467 6457 0437 1423 010 5 0822 07PM 04/02 060810660 0621 0 593 6567 0543 050497 04045 047 44 0402 0316 030 0355 04 0328 5 | 0 790 0745 0705 066 0530 0596 0564 0535 1507 14800 0456 0432 0410 0390 0370 0 352 035 039 003 0289 02 0262 3 0760 0 0660623 0583 07 053 0B2 0452 0425 0400 03 03 0331 014 026 029 02 0249 025 0222 0 0 05 0627 0582 0540 0.502 047 0434 4404 036 10351 027 0305 0285 0266 0249 0233 0218 0204 09 29 0168 1703 0645 0592 054 0500 0460 0424 0391 0361 0333 0308 0284 0263 0743 0255 0209 0194 0800 0 0 0.144 2014 10 056 (614 1558 1508 0463 02 0386 0352 0322 0295 020 0247 027 0208 091 0760hz 01-19 097 0126 07lb 007 0650 1585 0527 045 0429 0388 135003 0287 0261 0237 025 0195 0.178 062 0148 035 0/23 012 2013-004 0085 0625 0597 0497 0444 0397 03% 0 0286 0257 0231 0208 018! 20168 02 017 0124 012 0102 0092 0083 006 0059 13 0601 0530 0469 05 0368 6326 0290 0258 0229 020M VIR2 061 6145 010 0% 0104 0093 0.084 1005 0068 0061 0055 105V 105 0447 0 128 034) 029 026) 0232 1205 0 0/600141 125 01 0099 0088 007 009 0062 0055 009 0044 055.0481 0417062 05.025 0230 0209 0 163 150 0140 013 0108 0095 0084 0074 005 0057 0051 0045.0040 0035 0534 0458 0394 039 0292 022 10278 018 063 014] 0123 0107 013 008] 001 006 0.054 0047 0042 0036 0.032 0028 05 0436 131 037 0270 0 098 00 1146 025 0/08 0063 00BD 0069 0060 0052 006 009 0.034 0030 0.05 90g 0499 016 0.350 026 0250 02/201800B) 0130 01 0065 0 0 0 DNS 0059.00510044 0038 002 0028 0024 04021 001 045 0396 0331 027 0232 04 0164 118 016 0098 0083 000 0.60 60051 003 0037 001 0027 0023 0020 0017 0014 | | 10456 03 0312 0258 025 6178.0.149 0124 0104 0087 003 0061 005 0043 0037 003 0026 002 009 005 0014 2012 | 0499 0359 0294 0242 19 0164 015 01/2 009 007 006A 0053 0104 007 0031 0026.002 0018 005 000.00 0000 00704:0218 0225 01 1984 0150 1123 1101 0083 0068 0056 006 008 003 0026 0072 0008 006 0 001 0009 0.00] 0406; 026 0262 0 00 18 112 0091 0074 006 0049 0046 0033 002] 0022 0018 005 30 00) 0009 0007 000 24 | 10 0.310 024/097 1158 1126 0102 0082 0065 0053 0043 005 0028 0023 009 006 1009 0040 0.008 0007 0006 005 05 029 023 0 184 0.146 16 0092 0074 0059 0047 0038 003) 10028 0020 0016 03 001 006 0.007 0006 0005 0004 0351 0281 0x20 072 0.135 0106 00184 40065 101053 0042 003 0076 0021 007 00M 001 0009 000 0.005 0005 0004 0000 170268 02/06/0125 0098 006 0060 0.047 0033 0029 0023 008 0.04 001 0009 1007 006 0 004 0.003 0002 013 025 096 050 016 0090 009 00504 0042 003 0026 0020 006 007 0010 0008 0006 000 0004 000 0.002 0012 0.37] 07420185 04/07 0082 0063 004B 007 0029 002 007 014 007 14008 0005 01005 0004 03/13 0002 0.02 0002 020403 174 0 0.99 005 0057 0044 003 0025 0020 006 102 0009 0007 1005 0004 0000003 0.02 0062 0001 021 J12 11097 90UP DIMI 103 0022 005 0000ICH KONG INDA iNO 1012 000 0 III jun TWIND DING ADMI DCON DOTAIN =wpumm EXHIBIT 128-2 Present Value of an Annuity of $1 in Arrears, 16 Periods 4 - 5 9 10 1% 14 66 7 N U M) ] 0962 1952 0943 0935 0926 697 0909 0901 0893 F85 087 1830 +852 0855 0847 4840 0833 0826 0820 0813 0806 0800 NAS 1859 180 M108 193 1759 1735 1/13 1690 1668 1647 1626 1605 1585 1566 15471528 1500 1492 1474 1457 1440 1 25 222 260 2624 2525 248) 24 2402 261 2322 2283 2246 220 274 2140 26 2074 2042 20# 1981 1952 3630 3546 365 3387 3312 32 170 3102 1037 2014 2014 25 2798 2143 2590 2619 2589 250 2494 2448 2400 2162 452 139 12 - NO 393 3890 31 3606 1605 35 3439 3357 32/4 319 3gp 3058 799) 2975 7 854 2803 745 2689 5 5.242507691) , 386554:14 1998 JFR9 34 3685 3589 38 3703176 145 36 3002 1070 751 5002 5786 5582 5389 5206 503 6869 42 44 443 4286 460 4109 1922382 3 DE 3605 3508 36 31/7 32.2.36] 6 61 520 597 553 135 56 49.8 49 469487 4344 4207078 1954 1831 326 360 358 3421 3.79 7455 OM 6802556626) 5.995 53 54 5 4946 47 460 4451 4303 63 43|395 3786 36/3 34 3413 0 THz2 7360 7026 570 6.41.5 529 5650 5426 526 5.00 483 1559 4494 1339 42 4054 3923 3799 3682 357 | 11 8760 8306 TERT 7 499 F119 05 5 6202 538 56 55 5.24 54079 835 55 86 432) 4 PT 015 102 375 3655 185 8853 8384 7443 75 157 584 52 5 598 50 5421 97 984 193 36 49 4273 4 35 385 35 1 99% 90 8853 8358 79.14 148/ 03 6750 5474 122 52 5583 542 5118 4910 41 45 4352 4209 4058 3912 378) 11 053 99 92% 8745,874 76 735) 6962 6678 6.42 6602 5724 5458 5220 5008 482 4671 1432 4265 28 362 1824 B 0 180 977 9908 89 806| 7606 194 68 6462 52 5847 555 5124 5092 486 4675 4489 436 43 41 3853 652 MB ID IOS 9447 8851 831) TE24 139 6974 64 6265 1994 568 54055br 936 40 453535] A033 3887 764 0 / 996,912 8 54 8072 75.49 x0 79 5373 6047 5749 545 5.222 1990 5575 391 29 1959 300 659 60 0 878 20059 9377 875 820 7702 1250 6840 5467 5128 5818 5534 52 503 482 4608 49 4242 4080 1928 | 11 12 08:58 136 260M 8960 836 7839 736 6938 650 668 5877 5584 5316 5070 4843 4635 4442 4269 4097 3947 2 5-10 ? ? 1 0 0 19 0918 979 854 7963 7469 7025 563 6259 5929 5628 53 54 4870,467 4460 429 4143 3954 102) 8 PTT-M 10 N45 001, 9292 89 8075 762 102 687631258 565 52E4527 4801 465 4476 42 4121 3963 22 M 45 15 ? 042 06 020 19482 82 875 76 70 674) 6159 61 565 510 5 4999,696 4488 4302 410 1930 10 857 9 P.30 127 0 31 95B 8883 8766 271 72.10 6792 6 199 5144 53 5432 5 4925 473 499 414/ 396 B747 ) 7 550 1404 0 50 91707 R9S 8.48 TM 728368366434 5 5746 551 5 4937 47 4507 2018 114) 1950 ga 94 PT! | 654 159823 97 B422 1347 7.10 HD 61 6W 576 54675 194 4T 454 4321 44 1984 983 4 35 11 003 1 826 10 810 1929 35 E-HE FASH; 7372 6905 64GB 5783 54609/05 46 478 450 4324 15119 6 131) Hi-A3 12 1987 195 10 027 92.7 8548 794] 7409 69165 6544 616 579% 5402 526 1944 4/34 45M 1332 40 1970 18 63 6898 | 406; play 5 16 93 8m2 1994 PM 1951 5.34 65810 5502 3 490 4/30 4529 a5 a) 192 79 6. 11 | ME 11 PT | ||| 098 93 8050 5022 747) 6983 5.51 6 5.820 5510 5229 40 44 45 4337.49 1994 10 7292 32 11/03 2401 1258 024.94] Rid 80% 74 7003 6566 67 5829557 52.5 499 44 45 439 460 394 03 19 6040 g 1925 10 TP 979 851 8244 764 TIOh My ba33 5871 15 FAN 3258 4397 4760 4544 2017 16 1999 nnpmm

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