Tovar Toasters is considering an equipment investment that will cost $920,000. Projected net cash inflows over the equipment's Tree-year febre as follows: Year 1$490,000 Year 2: $390,000, and Year 3 $300,000. Tovar wants to know the equipment's IRR Click the icon to view the procent value annulatie) Click the icon to view the present a factor tale Click the icon to view the Mure value annuty table) Click the icon to view the future value f or table) Requirement Use trial and error to find the IRR within a 2% range. Mint Use Tovar's hurdle rate of 12% to begin the trial-and-error process. Use a business calculator or spreadsheet to compute the exact IRR Begin by calculating the NPV atvertes: 12% 14%, and 16% (Round your answers to the nearest whole dollar Use parentheses or a minus sign for negative net present values.) The NPV M 12% is $ The NPV at 14% $ The NPV at 10% is $ The IRR is somewhere between (Round your awer to two decimal places.) Enter any number in the ed fields and then continue to the next question 3 OT 11 ( Unpleie i Reference end 2% | Present Value of Annuity of $1 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 0.9090.8930.877 0.862 0.847 0.833 2 1.970 1.942 1.913 1.886 1.859 1.833 1.783 1.736 1.6901.647 1.6051.566 1.528 3 2.9412.884 2.829 2.775 2.723 2.673 2.577 2.487 2.402 2.322 2.246 2.174 2.106 4 3.902 3.808 3.717 3.630 3.546 3.465 3.312 3.170 3.037 | 2.914 | 2.798 2.690 2.589 5 4.853 4.713 4.580 4.452 4.329 4.212 3.993 3.791 3.605 3.433 3.274 3.127 2.991 6 5 .795 5.601 5.417 5242 5.0764.917 4.623 4.355 4.111 3.889 3.685 3.498 3.326 7 6 .728 6.472 6.230 6.002 5.786 5.5825.206 4.868 4.564 4.288 4.039 3.812 3.605 8 7 .652 7.325 7,020 6.733 6.4636.210 5.747 5.335 4.968 4.639 4.344 4.0783.837 9 8.5668.1627.786 7.435 7.108 6.8026.247 5.759 5.328 4.9464.607 4.303 4.031 109.471 8.983 8.530 8.111 7.722 7.360 6.710 6.145 5.6505.216 4.833 4.494 4.192 11 10.368 9.787 9.253 8.760 8.3067.887 7.139 6.495 5.938 5.453 5.0294.656 4.327 12 11.255 10.575 9.9549.3858.8638.384 7.536 6.814 6.1945.660 5.197 4.793 4.439 12.134 11.348 10.635 9.9869.3948.853 7.904 7.103 6.4245.842 5.3424.910 4.533 13.004 12.106 11.296 10.563 9.899 9.295 8.24473676.6286.002 5.468 5.008 4.611 13.865 12.849 11.938 11.11810.380 9.712 8,559 7606 6.8116.142 5.575 5.092 4.675 1 places.) s and then Print Done 459 3 of 11 (1 completej > Reference Future Value of Annuity of $1 Periods 4% 5% 10% 1.000 2050 12% 1.000 2.120 3.374 1.000 2060 3.184 4375 5.637 8975 1000 2180 3.572 5215 7.154 4779 8153 6802 1% 1.000 2010 3030 4060 5.101 6.152 7214 8.286 999 10462 11567 12.583 13 809 14 947 16.097 3% 1.000 2000 3091 4.184 5,309 6.468 7662 8.892 10.159 11464 12.808 14.132 15 618 17 08 18.599 1000 2020 3,060 4.122 5204 6308 7434 8583 9755 10 950 12169 13.412 14 680 15 974 17253 8.394 1.000 1.000 2040 3.122 3.153 4245 4310 5416 5525 6.633 7890 8.142 9.214 9549 10.583 11.027 12 606 12.578 13.486 14207 15.026 15.917 1662717 713 18 292 19 599 20.024 21.579 3310 4641 $105 7.716 9.487 11.436 13.579 15.937 1.000 2080 3246 4 SOS 5.867 7336 8.923 10637 12.488 14 487 16 645 18 977 21.495 24 215 27.152 14% 1.000 2.140 3.440 4.921 6.610 8.53 10730 13213 16.085 19.337 23.045 27271 32 089 37.581 43.842 9897 16% 1.000 2160 3.506 5066 6.877 8.977 11.414 14.240 17 519 21321 25733 30 850 36786 43.672 51.660 8.115 10,089 12 300 14.776 17 549 20 555 24 133 28.029 32.393 37 280 11.491 13.181 1.000 2 200 3.640 5368 7.442 9.930 12.916 16.499 20.799 25.959 32.150 39.581 48 497 59.198 72.035 9442 12.142 15 327 19.086 23,521 28.755 34 931 42.219 50818 60.965 14972 16 870 18 882 21015 ere ba 21.384 24523 27.975 31.772 ar to twl 23 276 - In the Print Done A Reference Periods 1% 2% 3% 1 0 .990 0.980 0.971 2 0.980 0.961 0.943 3 0.971 0.942 0.915 4 0.961 0.924 0.888 5 0.951 0.906 0.863 0.942 0.888 0.837 0.933 0.871 0.813 8 0.923 0.853 0.789 0.914 0.837 0.766 10 0.905 0.820 0.744 110.896 0.804 0.722 0.887 0.788 0.701 0.879 0.773 0.681 0.8700.758 0.661 0.861 0.743 0.642 Present Value of $1 4% 5% 6% 8% 10% 0.962 0.952 0.943 0.926 0.909 0.925 0.9070.890 0.857 0.826 0.889 0.864 0.840 0.794 0.751 0.855 0.823 0.792 0.735 0.683 0.822 0.784 0.747 0.681 0.621 0.790 0.746 0.705 0.630 0.564 0.760 0.711 0.665 0.583 0.513 0.731 0.677 0.6270.540 0.467 0.703 0.645 0.592 0.500 0.424 0.676 0.614 0.558 0.463 0.386 0.650 0.585 0.527 0429 0.350 0.625 0.557 0.497 0.397 0.319 0.601 | 0530 0.4690.368 0.290 0,577 0.505 0.442 0.340 0.263 0.555 0.481 0.417 0.315 0.239 12% 14% 16% 18% 20% 0.893 0.877 0.862 0.847 0.833 0.797 0.769 0.743 0.7180.694 0.712 0.675 0.641 0.609 0.579 0.636 0.592 0.552 0.516 0.482 0.567 0.5190.476 0.437 0.402 0.507 0.456 0.410 0.370 0.335 0.452 0.400 0.354 0.314 0.279 0.4040.3510.305 0.266 0.233 0.361 0.308 0.263 0.225 0.194 0.322 0.270 0.227 0.1910.162 0.287 0.237 0.1950.162 0.135 0.257 0.208 0.168 0.137 0.112 0.229 0.182 0.145 0.116 0.093 0.205 0.160 0.125 0.099 0.078 0.183 0.140 0.108 0.084 0.065 haces.) and then Print Done i Reference Future Value of $1 Periods 4% 5% 1050 1.103 1.158 1216 1.276 8% 1080 1.166 1260 1360 10% 1.100 1.210 1.331 1.464 1611 1.140 1.300 1.482 1.689 1925 12% 1.120 1254 1405 1574 1762 1974 16% 1.160 1.346 1.561 1.811 2.100 18% 1.180 1.392 1.643 1939 2288 20% 1 200 1.440 1.728 2.074 2.488 1.010 1.020 1.030 1041 1051 1.062 1.072 1083 1.094 1.105 24% 1.020 1.040 1.061 1.082 1.104 1.126 1.149 1 172 1.195 1219 1243 1268 1.294 1319 1 1040 1.082 1.125 1.170 1.217 1.265 1316 1 369 1423 1480 1539 1.601 1.587 3% 1.030 1.061 1093 1.126 1.159 1.194 1280 1267 1.305 1344 1984 1.426 1.469 1513 1558 1.340 1407 1477 1.551 1.629 6% 1060 1.124 1.191 1262 1338 1419 1.504 1594 1.689 1791 1898 2012 2.133 2261 2397 2.436 2826 3278 3.803 4.411 1.772 1.949 2.144 2358 2.594 2853 3.138 3.452 3.797 4.177 1714 1851 1999 2.159 2332 2.518 2.720 2937 3.172 2. 195 2502 2853 3252 3.707 4226 4.818 5.492 6.261 7.138 2700 3.185 3.759 4435 5.234 6.176 7.288 8.599 10.147 11 974 2476 2.773 3.106 3.479 3896 4.363 4 887 5.474 1.710 2986 3.583 4300 5.160 6.192 7.430 8.916 10.699 12.839 15.407 1.116 1.127 1.138 1796 be 1685 1886 19 2079 5.117 5.938 6 886 7988 9266 to tw 1161 Print Done